A joint stock company or a public limited liability company is that form of business organization in which the liability of the shareholders is limited to the amount of capital they contributed and the unpaid part of the capital allotted to them. It must have a minimum of seven members but no maximum membership is prescribed for it.

Socialism as a way of understanding socio-economic and political reality had its origin mainly thanks to the work of notable figures such as Engels and Karl Marx. The resulting types of socialism have over time collected its main ideas and developed them.