why has joint stock company form of business become so popular?
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Answer:
Due to qualities such as limited liability and stability of the enterprise, the Joint Stock Company attracts investors and good managerial talent towards the company. Thus, a Joint Stock Company is in a better position to meet the growing needs of modern business.
Explanation:
1. Larger Capital 2. Limited Liability 3. Stability of Existence 4. Economies of Scale 5. Scope for Expansion 6. Public Confidence 7. Transferability of Shares 8. Professional Management
9. Tax Benefits 10. Risk Diffused 11. Social Benefits 12. Greater Borrowing Capacity 13. Promotes Savings and Investment 14. Greater Accountability 15. Greater Adaptability 16. Synergy of Capital and Capability 17. Use of Latest Technology.
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