Business English: PLC

you see, this company is a P L C. That stands for Public Limited Company. It’s called
a public company because anyone can buy shares in it. Limited means that its liability is
limited.
Shares are bought and sold at the stock exchange. If you want to buy shares in a company
you need the services of a stockbroker, who will charge you a commission on each transaction.

You can buy and sell shares at your bank too, and even on the internet.
The banks make a lot of profit on the stock market, and they have people working for
them called traders. Sometimes traders get too greedy and take a lot of risks.
If you own shares in a company, you are a shareholder. You receive a share of the profits
that the company makes. This payment is called a dividend.

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