Why did governments authorize the creation of joint stock companies

Governments authorized the creation of joint-stock companies because it limited the possibility of risk from trade.

The join-stock company was authorized for the companies to establish trade in other lands, as was the case of the Virginia-London Company that sponsored the trip of English colonists to the Americas.

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Explanation:

The civic actions of participating in the community and staying informed are examples of responsibilities. Those actions are not required by the law; thus they are not duties. Both citizens and non citizens can participate in the community and stay informed; however, non citizens cannot participate in government (run for office or vote in elections).