select all that apply! What advantages did corporations have over small business? raw material discounts reduction of unit cost specialists better production methods antitrust laws

advantages of corporation over small business

raw material discounts due to economy of scale

reduction of unit cost due to bulk production

better production method enabled by more investment

The correct options are:

raw material discounts better production methods

According to the economic theory in vogue, we live in a society of freedom of investment, where the imagination and commitment of individuals in the founding of companies can be realized; here, it is said, personal initiative is not restricted, as it does in centrally planned economies, in which the state controls and limits capital. Thus, the strategists of the current model, based on the neoliberal doctrine, assume that ordinary men take the economy in their hands, freely, according to their abilities and inventiveness. Adam Smith in his Wealth of Nations advocates individual investment against monopolies such as the East India Company, which controlled England's trade with its Asian colonies. In revolutionary France, the ascending bourgeoisie that freed itself from feudal oppression, consecrated in the famous law Le Chapelier, 1791, free citizenship as an inalienable right of citizens. With time, this principle incarnated in many cases in the youthful stage of capitalism; in it it was possible. For example, in the United States with the small businessmen who arrived at the 13 colonies, or entrepreneurs who prospered as ranchers in the lands they obtained almost as gifts in the center and west, or exploiting gold veins in California. But that time is over! This idyllic world of opportunities for all, an illusion of many, democratic and inclusive and that attracts the imagination, is increasingly chimerical.