Entity: CONGLOMERATE
A conglomerate is a large corporation that owns multiple smaller businesses operating in different industries. It can also refer to a mass or entity composed of various elements or materials.
CONGLOMERATE
Etymology
The term 'conglomerate' originates from the Latin word 'conglomeratus,' which means 'rolled together.'
Definition
A conglomerate is a type of multi-industry company that consists of several different and unrelated business entities operating in various industries. It can also refer to anything composed of heterogeneous materials or elements.
Historical Context
Conglomerates became prominent in the mid-20th century, with the rise of large corporations diversifying their holdings to spread risk and increase market presence.
Cultural Significance
Conglomerates play a significant role in the global economy, influencing various sectors and shaping market dynamics.
Related Concepts
- Diversification: Spreading investments across different industries to reduce risk.
- Corporate Mergers: The combining of companies to form a larger entity.
See Also
- Merriam-Webster - CONGLOMERATE
- Cambridge Dictionary - CONGLOMERATE
- [Wikipedia - Conglomerate (company)](https://en.wikipedia.org/wiki/Conglomerate_(company)
A diverse entity consisting of multiple businesses or elements from different sources or industries.