Which reason explains why joint-stock companies were created to fund british colonial settlements instead of the option suggested in the excerpt

Groups of investors, rather than the state, shared responsibility for the financial risks of the settlement.

they believed democracy was worth the fight

answer: (fluidity)is the correct answer.

explanation: because of this characteristic, success on the battlefield depends in large part on the ability to adapt to proactively change events to our advantage as well as to react quickly to constantly changing conditions