Business owners formed corporations during industrialization to a. lower their tax rates. b. obey government requirements. c. raise money to buy expensive machinery. d. gain the right to vote.

C. raise money to buy expensive machinery.

Explanation:

Corporations grew into the principal manufacturing business model by the 1840s, which included investments in the development of new constructions, new machinery, and new incomes.

These improvements allowed labor to become more productive, making wages rise. More productivity turned into better standards of living, a rise in the demand for different goods, and expanded capital investment.

an expansion is one of two basic business cycle phases; the other is contraction. the transition from expansion to contraction is a peak, and the changeover from contraction to expansion is a trough.