Which reason explains why joint-stock companies were created to fund British colonial settlements instead of the option suggested in the excerpt

Gatherings of investors, as opposed to the state, shared obligation regarding the money related dangers of the settlement.

A business entity is a business substance in which offers of the organization's stock can be purchased and sold by investors. Every investor possesses organization stock in extent, confirm by their offers. Investors can exchange their offers to others with no impacts to the proceeded the with presence of the organization.