Entity: PLC
PLC stands for Public Limited Company, a type of company in Britain whose shares can be bought by the public. It is also used as an abbreviation for 'programmable logic controller,' a digital computer that automates industrial processes.
PLC
Etymology
The term 'PLC' is an abbreviation for 'Public Limited Company' in British business terminology. It is also used as an abbreviation for 'Programmable Logic Controller' in the field of industrial automation.
Definition
In Britain, a PLC refers to a company whose shares can be bought by the public and is usually used after the name of the company. It is a type of company structure that allows for public ownership of shares. In industrial automation, a PLC is a digital computer that automates industrial processes and monitors inputs/outputs.
Historical Context
The concept of Public Limited Companies dates back to the mid-19th century in Britain when the Limited Liability Act of 1855 was passed, allowing companies to be formed with limited liability. This legal structure provided a way for businesses to raise capital from the public through the sale of shares.
Cultural Significance
PLCs play a significant role in the British business landscape, offering opportunities for public investment and ownership in various industries. In industrial automation, PLCs are essential for controlling and monitoring complex manufacturing processes, improving efficiency and productivity.
Related Concepts
- Ltd (Limited Company): A type of company in Britain with limited liability for its shareholders, but not publicly traded.
- Programmable Logic Controller (PLC): A digital computer used in industrial automation to automate processes.
See Also
A PLC refers to a Public Limited Company in British business terminology, or a Programmable Logic Controller in industrial automation.