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  • 03-01-2016
  • History
Answered

To gain more capital for industrial expansion, small companies: formed corporations, borrowed money from banks, produced more goods, or formed partnerships?

Verified Answer :

HistoryGuy HistoryGuy
  • 07-01-2016

Generally speaking, to gain more capital for industrial expansion, small companies "borrowed money from banks," since at the early stages of production they did not generate enough capital to do so on their own.

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