A joint-stock company is a type of business organization wherein the risk and cost of doing business is mitigated through the sale of shares. In a joint-stock company, individuals are able to purchase portions of the company in the form of shares, thus making the new shareholders partial owners and investors in the company. In this way both the risk and cost of doing business were distributed over a large number of people rather than it being concentrated on a single person. The most famous joint-stock companies in history were those founded in Europe for the purposes of conducting long-distance overseas trade. The English and Dutch East India Companies were far and away the most successful, growing to such heights as to even create their own informal empires in Asia.
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Question asked by aadarsh_gautam
Answered by angel