Editing Language/Multiple-languages/Culture/Basics-of-Economy
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There are several types of companies: | There are several types of companies: | ||
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** In a private company, the company is owned by individuals. | ** In a private company, the company is owned by individuals. | ||
** In a | ** In a joint-stock company, the company's share capitals are tradable. If its stocks are available on a stock exchange, it is then called a “public company”, then its important decisions must be made public as it is funded by the public. | ||
* | * | ||
** In a limited company, the liability of members of the company is limited, which means its members are not liable to repay the debts of the company with the members' own money. | ** In a limited company, the liability of members of the company is limited, which means its members are not liable to repay the debts of the company with the members' own money. |