Answer:Popularized in 1600s
*A type of business structure used by some colonial explorers to raise money for their expeditions
*These private trading companies sold shares to investors who provided start-up funding
*In return for taking on the risk of the investment, investors were paid based on the profits of the expedition
*Many modern business structures, such as the American corporation, are founded on principles of the joint-stock company
Explanation: Hope this helps :)