Concept information
Preferred term
firms
Definition
- During the first half of the 19th century, U.S. firms were small by contemporary standards, which allowed capitalists to understand and exercise informal control over the production process. If firms had full-time managers, they were often family members. [Source: Sociology of Work: An Encyclopedia; Firms]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/firms
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