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
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.
