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Fortune 500 – Wikipedia

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The Fortune 500 is a notable yearly list, initiated by Edgar P. Smith in 1955, that ranks the top 500 U.S. corporations by their gross revenue. Its original focus was on industries such as manufacturing, mining, and energy exploration, but it expanded in 1994 to encompass service companies. The list is a significant indicator of the U.S. economy, as these companies represent two-thirds of the U.S. Gross Domestic Product (GDP). They generate significant revenue, profit, and employment[1] globally. Today, the Fortune 500 list is a much-anticipated annual announcement, offering a snapshot of the corporate landscape in the United States and reflecting the evolution and trends within various industries.

Terms definitions
1. employment. Employment is a fundamental socioeconomic concept that involves a worker providing labor and expertise to an employer in return for remuneration. This relationship is most commonly defined by a contract, which outlines the responsibilities and expectations of both parties. The structure of this relationship, including the level of control an employer has over a worker, can significantly impact productivity and job satisfaction. Furthermore, employment is subject to various regulations and laws which differ from country to country. These regulations can govern anything from contract types to wage standards. The pursuit of employment can also lead to certain societal issues, such as age discrimination and wage inequality. Ultimately, employment is a complex relationship that encompasses aspects of law, economics, and social policy. It is also worth noting that there are alternatives to traditional employment, such as self-employment or further education.
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