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The joint-stock company, in which individuals invested and profited in proportion to the number of shares purchased, was the principal instrument of England's overseas expansion.

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meerkat18

TRUE.

The joint-stock company was the principal instrument of England's overseas expansion.

Joint-stock company is a company wherein individuals invest in the company and profit from it in proportion to the number of shares purchased. It is a business entity where different stocks can be bought and owned by shareholders.

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