Final answer:
A public listed company is a business entity that has issued stock to the public and is traded on a stock exchange. It can raise capital through the sale of stock, but there are also disadvantages such as loss of control and increased regulations.
Step-by-step explanation:
A public listed company is a business entity that has issued stock to the public and is traded on a stock exchange. It is owned by shareholders, and the shareholders' votes determine the composition of the board of directors. The main advantage of a public listed company is that it can raise capital through the sale of stock to finance its operations or new investments. However, there are also some disadvantages, such as the loss of control for the original owners and the need to comply with more regulations and reporting requirements.