How the Most Profitable American Corporations Evolved in the Period 2019-2022
Year: 2024
Type: article
Abstract: The roots of the modern corporation are to be found in the Dutch Republic and British Empire. In the last decades, more and more countries of the world have organized their economies around corporations, either public or private, either multinationals or transnationals. The large business corporation has become not only the main organization of the market economy but also one of the most representative institutions of society. Today’s large American corporations dominate most of the markets in which they operate either internal or external. The paper aims to present and briefly analyse the ranking of the most profitable American corporations in the period 2019-2022. To reach this goal the author used a qualitative research method. The results of the study concluded that the hierarchy of the most profitable American corporations in the period 2019-2022 suffered small changes at its top. In 2019, Berkshire Hathaway, a conglomerate holding company, dominated the ranking whereas Apple, a colossus from the IT&C sector, obtained the highest profit the following three consecutive years. The paper provides a theoretical framework for a better understanding of the American corporations. Also, it presents and analyse the evolution of the ten most profitable American corporations in the period 2019-2022.
Author: TOMA SORIN-GEORGE
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7010392423
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