Corporation

Corporation

Type: Glossary Item
Identifiers: UUID - 69021de2-158c-11e7-803e-0242ac110017; meteor:meteor/354894/
Origin URI: Jump to original
Stewardship Organisation: Aristotle Demo Organisation
Endorsed by: Community Services : Standard on Nov. 30, 2007

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Last updated
Created: 07 March 2015
Supersedes: None
Superseded by: None
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Definition

A corporation is a legal entity that:

is created for the purpose of producing goods and services for the market
may be a source of profit or other financial gain to its owner(s)
is collectively owned by shareholders who have the authority to appoint directors responsible for its general management.

Comments

Origin:

Standard Economic Sector Classifications of Australia (SESCA 2002). Canberra: Australian Bureau of Statistics.

References

Reference online through:

Standard Economic Sector Classifications of Australia (SESCA)

This content Based on Australian Institute of Health and Welfare material. Attribution provided as required under the AIHW CC-BY licence.

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