How did joint-stock companies lead to the development of one-crop economies in the colonies?

A. Many joint-stock companies established one-crop economies based on agricultural practices and local farming techniques.
B. Many joint-stock companies established a monopoly on one cash crop in order to become profitable.
C. Many European monarchs established one-crop economies to reduce competition and increase profits.
D. Many colonies sought to create one-crop economies because cultivating multiple cash crops was expensive.

Joint-stock companies lead to the development of one-crop economies in the colonies because many European monarchs established one-crop economies to reduce competition and increase profits.

European companies in colonial America such as the British, attracted investors to its companies to share the risk of the investment. The first companies in America under this modality were the Plymouth company and the London company; or the British East Indian company in India. New companies had to be authorized by a private act or a royal charter -a grant issued by the British crown- because the government wanted to protect the interests of its companies they already had.