Megacorporations are extremely large companies that dominate their industries and often have a significant influence on the global economy. These businesses typically operate in multiple countries and can have revenues that exceed the GDP of some nations. Examples of megacorporations include Apple, Amazon, and Microsoft, which provide a wide range of products and services that many people rely on daily.
Due to their size and power, megacorporations can shape market trends and consumer behavior. They often invest heavily in research and development, leading to innovations that can change entire industries. However, their dominance can also raise concerns about competition, labor practices, and environmental impact.