THE STOCK MARKET
A stock market is a place where the shares in publicly owned companies. the’ titles to business firms, are bought and sold. In WO. the value of these titles was estimated at 5 trillion In the United States. Sales in’ a single year might total more than $10 trillion. The stock market is the hub of our corporate economy.
A stock exchange is a critical part of modern market economies. When’ the countries of Eastern Europe decided to scrap their centrally planned systems and become market economies, one of their first acts was to introduce a stock market to buy and sell ownership rights in companies.
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