The development of a company as a form of business is due to the indus – InterviewSolution

1.	The development of a company as a form of business is due to the industrial revolution. Give reason.
Answer» After the industrial revolution the demand of newly produced goods went up drastically. To meet these demands there arose need of setting up huge factories and very large business establishments. A very large scale production was the need of the hour. Due to limited capital, unlimited liability, short life of the business firm, etc. sole proprietorship and partnership forms of business were unable to set-up such large establishments.

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