Some of the important characteristics of society are as follows: A comprehensive understanding of society requires a thorough analysis of its characteristics. But the term society could be understood both from a narrower and broader sense. In a narrower sense society refers to a group of people but in a broader sense it refers to the whole human society. However, society has the following characteristics: A society must have population. Without a group of people no society could be formed. Of course society refers not to a group of people but to a system of social relationships.
Flashback to Appleâs 1980 IPO. When Steve Jobs took Apple public in 1980, his company lagged behind Tandy Corp. in sales of personal computers, and Massachusetts regulators deemed the IPO âtoo riskyâ for state residents. We know how this story ends.
A company goes public with an initial public offering (IPO) of stock. In our example, XYZ Inc. has a successful IPO and raises $1 million by issuing 100,000 shares. These are purchased by a few dozen investors who are now the owners (shareholders) of the company.