Answer:
Joint-stock companies were created for two main reasons:
-Its main motivation is to limit the responsibility of the partners of the companies only to the percentage of shares that they own. In this way, investors are protected from possible lawsuits, making them responsible only for the part that belongs to them as owners of the shares.
-In addition, another motivation is to facilitate the investment of private capital, since investors do not have to directly buy a percentage of the company, but the shares are negotiable by themselves. This makes them have a commercial value, which if it increases increases the valuation and investment that the company receives.
I think it would not be more than 10-45 seconds
Answer: Consumers must be knowledgeable
A free enterprise system would result to economic prosperity for consumer’s demands will be provided with high quality products at a lower cost.
However, one downside of this is that consumers will be more knowledgeable of the product and have the tendency to purchase only those particular choice of goods. Then, producers will control the products by purposely withhold supply from entering the marketplace and establish artificial price hike. Moreover, the free enterprise system will also limit to consumers the access to suitable alternative products.
Spain was a very Catholic state and Phillip II thought of himself a champion of Catholicism, so the Catholic Church played a major role in Spain's American empire. Church officials were royal advisors and the church also sent missionaries to convert natives to Catholicism and help regulate the activities of the settlers.
In the case Plessy v. Ferguson, it is true that the Supreme Court ruled that the "separate but equal" was constitutional.
