Douglas Scott

History

2 October, 09:46

Use the chart below to answer the question.

Problem

Overseas trade was expensive and risky. Large sums of money needed to be generated, and there was no guarantee that investors would make a profit or even get their money back.

Solution

Which solution to this problem emerged in the Age of Exploration?

employee-owned businesses

non-profit organizations

government-owned enterprises

joint-stock companies