Philosophy (Modernism) in the Age Term Paper

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As one of the dominant types of business organization that developed in the age of modernism, corporations allowed the public and individuals to actively participate, and in part own, shares on the profits of a particular business through the corporation. The emergence of corporations reflected the increasing complexity of business organizing in the age of modernism, wherein more merchandise is produced, hence necessitating more capital to produce these merchandise, which are then generated through investments given by the public or specific business-minded individuals. Along with the development of corporations, there has also been an increase in marketing strategies wherein surplus products are produced and marketed through different strategies, among which advertising is considered as the most effective and dominant. Initially, advertising and marketing was just formulated to distribute surplus products manufactured by companies, until surplus production became the norm in the manufacturing business, and marketing and advertising imperative strategies for easy distribution/allocation of these surplus products.

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In the same manner that corporations influenced the business environment and modern society, the formation of labor unions among business organizations also increased awareness among societies regarding the economic and social well-being of workers. Workers as the dominant social class and majority members of modern societies promoted awareness of workers' rights, such as observation of policies that respect the right of workers to humane and better working conditions, not to mention compensation and benefits allowable to individuals working for a business organization, company, or corporation. Labor union formation changed business practices, putting it under the control of legislation, and making it imperative for businesses to observe policies and regulations that benefit the workers' welfare......

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