Question

company form of organization has developed after industrial revolution. (State with reason whether the given statement is true or false)

Answer 1

The statement is true

Explanation:

• Industrial revolution is also acknowledged as First Revolution of Industrial and it was the transformation in the processes of manufacturing in the US (United States) and Europe.

• It is described as the changes in the transportation and the manufacturing which begun with the fewer things being made through hand but instead made using the machines in factories which are large scale.

• This revolution leads to the need of the huge amount of capital investments, which was not possible with sole trader and the partnership firm. Thus, the Joint Stock Companies came into picture or existence. So, it is true that the company form of organization has developed after the revolution.

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