Question

The capital of joint_stock companies is divided into small units they are called....​

Answer 1

Answer:

This form of business has a legal existence separate from its members, which means even if its members die, the company remains in existence. ... The total capital of a joint stock company is called share capital and it is divided into a number of units called shares.

Answer 2

Explanation:

The total capital of a joint stock company is called share capital and it is divided into a number of units called shares. Thus, every member has some shares in the business depending upon the amount of capital contributed by him. Hence, members are also called shareholders

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