Are corporations good or bad for the economy, 5 reasons?

Question

i need this for homewok, 5 good and 5 bad and 5 big corporations today

PLEASE NEED ANSWERS!!!
ASSIGNMENTS DUE FRIDAY!!!

Answer 1

5 corporations, 5 good, 5 bad,

5 Corporations: GMAC, Lockheed Martin, Verizon, Microsoft, WalMart

5 Good: employment to local community, increase governents economy in turn decrease taxes, competition brings leading edge technology to USA, more opportunities for American citizens, and finally, company must obey federal rules and regulations concerning business practices.

5 Bad: monopolization of goods or services in parts of the country, destroys opportunities for growth of small, "mom and pop" businesses, less personalization and care of human resource manangement in big busness, larger negative environmental impact, and larger impact on economy if business fails.

Answer 2

Good.

1. Allows even a person with a modest sum of money to buy ownership in a large business by buying a share of a corporation.
2. Provides a way for a business person to collect the capital necessary to establish a business. (By selling shares in the corporation)
3. Protects the individual investors from risking their personal property from lawsuits against the corporation. The only risk is to the shares they own.

Answer 3

ditto...