Economic Definition of Fortune 500. Defined.
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Term Fortune 500 Definition: A list of the 500 largest (in terms of sales) publicly held corporations in the good old U. S. of A., as compiled and published by Fortune magazine. While other business-oriented magazines publish similar lists, this one has come to symbolize the largest, most powerful bastions of the second estate. For a business to achieve ranking on the Fortune 500 is a mark of success. For consumers, the Fortune 500 is often a mark of powerlessness. If you're interested, Fortune also provides a list of the 500 largest foreign companies, and separate lists of the 50 largest banks; utilities; and retail, transportation and diversified financial companies.