WORLD HISTORY

Detailed explanation-1: -Businesses owned by several investors are called corporations. A board of directors provides oversight of the corporation and the Investors own the number of shares they buy in the company. A corporation can be publically or privately owned depending on if the shares are sold on the stock market.

Detailed explanation-2: -Understanding an Investment Company An investment company can be a corporation, partnership, business trust or limited liability company (LLC) that pools money from investors on a collective basis.

Detailed explanation-3: -An investment company is an organization, trust, or entity that collects capital from various investors to reinvest it in financial securities such as equity, debt, and a wide range of money market instruments. The three investment company types are open-end, closed-end, and Unit Investment Trusts (UIT).

Detailed explanation-4: -Three of the biggest investment management companies in the world are BlackRock Funds (iShares), Vanguard, and Charles Schwab. Each of these firms offers many products to retail clients, including hundreds of mutual funds, exchange-traded funds, and other vehicles covering different asset classes.

Detailed explanation-5: -A business owned by stockholders is known as a corporation.