But "corporation" is a specific legal concept. It has to do with the way a company is owned and financed, what kind of taxation that it is subject to, and the laws of the state of incorporation. There are one-person corporations, and there are large businesses that are NOT technically corporations (for example, large partnerships).
Do you mean private-sector businesses?
If that is what you really mean, they benefit "the economy" (which is really consumers, the firms themselves, and the government) by providing jobs, and by providing products and services that would be either unduly expensive, unduly burdensome, or impossible (i.e., inefficient) for consumers to provide for themselves (e.g., medications, electronics, psychotherapy). Businesses keep people off the unemployment rolls, reducing the cost to taxpayers of providing benefits to the poor and unemployed. And if they are legally corporations, they pay corporate income taxes on the profits that they earn.
A firm has no obligation to benefit "the economy" (actually, it is part of the economy, not a separate entity) or the government (the government is supposed to work for US, not the other way around). But realistically speaking, if a firm is not providing a product or service that people want at a price they are willing to pay, it will not be in business for very long.
Firms also can and do invest in projects that benefit society - projects that would be too expensive or impossible for individuals to finance. Visit any major company's website and you'll see what that company is doing to improve local community facilities, ameliorate environmental risks, and so on.
Paola Triolo has written: 'A capital solution' -- subject(s): Corporations, Economics, Environmental ethics, Investments, Moral and ethical aspects, Moral and ethical aspects of Corporations, Moral and ethical aspects of Economics, Moral and ethical aspects of Investments, Religious aspects, Religious aspects of Investments
James J. Lynch has written: 'Cyberethics' -- subject(s): Computer science, Mass media, Moral and ethical aspects, Moral and ethical aspects of Computer science, Moral and ethical aspects of Mass media 'The psychology of customer care' -- subject(s): Consumer behavior, Customer services, Psychological aspects, Psychological aspects of Customer services 'Corporate compassion' -- subject(s): Business ethics, Corporations, Industrial relations, Moral and ethical aspects, Moral and ethical aspects of Corporations, Religious aspects, Religious aspects of Corporations, Social values
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