1. Economy & Society
April 2, 2014
A Corporation 1

2. Recap Types of Companies All companies have two things in common:
- Corporation
- Government Owned
- Public Agency
- Sole Proprietorship
- Publicly Traded Companies
All companies have two things in common:
1 – Somebody (or group of people) own them, therefore they are entitled to the profits.
2 – Owners ensure that the company is governed in accordance with their wishes; mainly to increase profits for the owners. 2

3. The Corporation General Impressions? What is a corporation?
Types of corporations:
Non Profit
Charity
For Profit
Cooperative
*See the Concordia Case Study Power Point Sideshow 3

4. Externalization Cost Externalization Financial Environmental
Social (Labour, living standards, etc...)
Psychological
Redirecting Public Funding 4

5. Recap Labour as a Commodity = Sweat Shops!!!
Labour Extraction Problem = The discrepancy between labour time and actual effort. Employers want more labour intensity. They want to maximize productivity and cut costs.
Unity Labour Costs = Compensation
Productivity
(intensity + efficiency)
Labourers protect themselves via unions. 5