What’s the difference between a corporation and any other company?
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I’m not trained in economics, but a friend of mine with a degree in the subject is very firm that the East India Company shouldn’t be described as a corporation in any real way akin to modern corporations – that the definition has evolved significantly since 1600 and the modern definition of the term wouldn’t include it anymore. I’ve found a number of modern sources describing EIC as a corporation, and I’m unsure what “modern definition” they’re referring to or why it wouldn’t qualify.
Is there anything to this argument? Would you feel comfortable referring to East India Company as a corporation?
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