Which of the following statements correctly describe the changes from this time period that supported the growth of business? Skip to main content

Which of the following statements correctly describe the changes from this time period that supported the growth of business?

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Question: Which of the following statements correctly describe the changes from this time period that supported the growth of business?

Throughout history, several key changes have supported the growth of business. The introduction of limited liability for shareholders in the mid-19th century, for example, spurred the growth of corporations by protecting personal assets against business liabilities. In the 20th century, the global expansion of trade and the opening of economies to international markets played a significant role. This was evident in India, where trade and a flourishing banking sector supported a robust business environment even before the country's independence. Additionally, the evolution of business has been influenced by the economic, ecological, and societal impacts, leading to a shift towards sustainability and corporate social responsibility as drivers for business growth. These changes reflect a broader trend where businesses have adapted to and shaped the economic landscape through innovation, regulatory changes, and shifts in societal expectations. 

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