During the 1840s,the _______ emerged as a way for individuals to reduce the risk of the loss of personal wealth when investing in business ventures

Question

During the 1840s,the _______ emerged as a way for individuals to reduce the risk of the loss of personal wealth when investing in business ventures

Quizplus · Accepted Answer

The principle of limited liability emerged in the 1840s as a way for individuals to invest in business ventures without risking their personal wealth. It allowed investors to only be liable for the amount they invested in the business and not be held responsible for any debts or losses beyond that amount. Business insurance, dividend distribution, and double taxation were not significant developments in the 1840s.

During the 1840s,the _______ Emerged as a Way for Individuals to Reduce