A corporation system is termed as the legal body or entity that has a separate identity from its owners. It possesses many responsibilities and carries some sort of liability. This means that the shareholders are not personally responsible for the company's incurring debts.
The correct answer is D.
Option D. government-made business funded to employ several people is correct because before there was a U.S. corporation system, businesses would pool together for a monopoly, and then raise the prices.
But as they were the only place that supplied a particular business, the people would have to pay any price.
Options There were too many companies selling the same product so a corporation needed to be formed, Several companies and business people pooled their capital and formed one organization in order to be competitive, and A group of businesses that pooled together to organize a monopoly is the wrong option because they do not provide the reason that led to the United States corporation system.
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