Why are big companies important to a country?

December 12, 2023 ajiraforum Grade 12

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Why are big companies important to a country?

Why are big companies important to a country? We shall explore the significance of large corporations to a nation on this page.

What is considered a big company?

What is considered a big company? Well, a company must employ at least 500 employees or workers to be considered as a big company.

The top 10 biggest companies in South Africa by market capitalisation

  • Vodacom Group Ltd (R213 bn)
  • Standard Bank Group Ltd (R306 bn)
  • FirstRand Limited (R367 bn)
  • Anglo American Plc (R530 bn)
  •  Compagnie Financiere Richemont SA (R610 bn)
  • Glencore Plc (R676 bn)
  • The BHP Group Plc (R730 bn)
  • British American Tobacco Plc (R1245 bn)
  • Naspers Limited (R1519 bn)
  • Anheuser Busch Inbev (R2117 bn)

Reasons why big companies are important to a country

  • Bigger corporations are more productive,
  • they pay higher wages,
  • enjoy higher profits,
  • and are more successful in international markets,

Therefore, a country’s economic success can be linked to its high numbers of big corporations

How to Pass Business Studies  Grade 12 with distinctions

One of the most significant accomplishments in your academic career is passing matric. It provides access to a wide range of post secondary options and employment possibilities. Use our best study advice to complete your matriculation, and you’ll succeed with flying colors.

  1. Attend class 
  2. Ask questions 
  3. Make notes 
  4. Study 
  5. Practise 
  6. Study groups 
  7. Extra class 
  8. Motivation 
  9. Complete assessments 
  10. Prepare for the Exams in due time

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