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In current decades, states modeled a few of their property and enterprises after business enterprises. In 2003, for example, the Folks’s Republic of China modeled 80% of its state-owned enterprises on an organization-type management system. 25 Many state establishments and enterprises in China and Russia have transformed into joint-stock firms, with a part of their shares being listed on public inventory markets.
Businesses embrace every part from a small owner-operated company, such as a household restaurant, to a multinational conglomerate , comparable to Normal Electrical. Bigger businesses might issue company inventory to finance operations. In this case, the company is publicly traded and has reporting and working restrictions. Alternatively, smaller businesses could operate more independently of regulators.
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