120k views
4 votes
The joint-stock company, in which individuals invested and profited in proportion to the number of shares purchased, was the principal instrument of England's overseas expansion.

a. True
b. False

1 Answer

2 votes
TRUE.

The joint-stock company was the principal instrument of England's overseas expansion.

Joint-stock company is a company wherein individuals invest in the company and profit from it in proportion to the number of shares purchased. It is a business entity where different stocks can be bought and owned by shareholders.
User John Gardner
by
8.1k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.