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What is Joint Stock Company and Demand Law about?

A joint stock company is a business entity where ownership is represented by shares that can be publicly traded. It allows for centralization of capital from shareholders. It has merits like protecting personal assets and allowing unlimited shareholders, but also has demerits like higher formation costs and legal formalities. Keynes believed that equilibrium could occur at less than full employment due to insufficient aggregate demand. He argued that employment depends on investment, which depends on factor

Author

Rohit Mukherjee

Language

EN