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Why were joint-stock companies created?

User MrWhetherMan
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Joint-stock companies are created in order to finance endeavors that are too expensive for an individual or even a government to fund. The owners of a joint-stock company expect to share in its profits.
User Ellery Newcomer
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Joint-stock companies are created in order to finance endeavors that are too expensive for an individual or even a government to fund.
User Lejlun
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