A Swedish term for a joint-stock company or corporation where ownership is divided into shares.
From Swedish aktie (share/stock) from Dutch aktij, which came from Latin actus (a thing done), combined with bolag (company/corporation), giving it the meaning of a company organized around tradeable shares.
Sweden's aktiebolag structure is why IKEA, Spotify, and H&M are all so successful—the system makes it easy for companies to raise money from many investors and grow into global giants, and it's been the backbone of Scandinavian business for centuries.
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