What is company town?

Answer 1

A company town is a community that is created and largely owned by a single company, where the majority of residents are employees of that company. These towns often provide housing, amenities, and services to workers and their families, fostering a close-knit environment but also leading to dependency on the company for employment and livelihood. Historically, company towns were common in industries like mining and manufacturing, where firms sought to attract and retain labor in remote locations. While they can offer benefits, such towns may also present challenges related to workers' rights and economic autonomy.