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Economy, Corporations and Other Types of Businesses

sole proprietorships, corporations, farms, production of goods, economy

Three major types of firms carry out the production of goods and services in the U.S. economy: sole proprietorships, partnerships, and corporations. In 1995 the U.S. economy included 16.4 million proprietorships, excluding farms; 1.6 million partnerships; and about 4.3 million corporations. The corporations, however, produce far more goods and services than the proprietorships and partnerships combined.

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sole proprietorships, corporations, farms, production of goods, economy, partnerships, services

 
 

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