Define joinstock company???
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a joint stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders.
harshavardhan48:
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A joint-stock company is a business owned by its investors, with each investor owning a share based on the amount of stock purchased. Joint-stock companies are created in order to finance endeavors that are too expensive for an individual or even a government to fund.
An example of a joint stock company today is a business type that is somewhere between a partnership and a corporation. Stockholders of a joint stock company have the same responsibilities and privileges that come with an unlimited partnership
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