FIRST CONTACTS 28000 BCE 1821 CE
THE COLUMBIAN EXCHANGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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joint-stock company
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monopoly
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trust
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entrepreneurship
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Detailed explanation-1: -Therefore, joint-stock companies are commonly known as corporations or limited companies.
Detailed explanation-2: -Example of Joint Stock Company Indian Oil Corporation Ltd. Tata Motors Ltd. Reliance Industries Ltd.
Detailed explanation-3: -The joint-stock company was the forerunner of the modern corporation. In a joint-stock venture, stock was sold to high net-worth investors who provided capital and had limited risk. These companies had proven profitable in the past with trading ventures. The risk was small, and the returns were fairly quick.
Detailed explanation-4: -One of the earliest joint-stock companies was the Virginia Company, founded in 1606 to colonize North America. By law, individual shareholders were not responsible for actions undertaken by the company, and, in terms of risk exposure, shareholders could lose only the amount of their initial investment.