ABSTRACT
Ownership of the means of production is increasingly not actually vested in an individual. This has been the case since at least the development of the joint stock company in the latter half of the nineteenth century. With the development of joint stock companies, a form of organization is constituted which is ‘a distinct legal entity comprising members who provide the share capital for its activities and officers who act in its name’ (Scott, 1982, p.229). Where a group of such corporations is held together by either a complete or majority ownership of shares by some other corporation it is conventional, as Scott suggests, to refer to this group as an ‘enterprise’ or ‘concern’.
