Joint Stock Company

Joint Stock Company is a form of Technology and Culture.

Description
The concept of a joint stock company allows individuals to bond together to undertake ventures that would be too large or risky for one alone. They also allow the separation of ownership and management allowing wealthy merchants to participate in many ventures simultaneously. Since a high degree of trust is needed between the owners, companies were often formed by members of the same lineage group.

Effects

 * Value of trade increased by 20%
 * Enables Edicts: Trade Venture