Which aspect of the financial system created by the Commercial Revolution most clearly paved the way for today and corporations?

The rise of joint-stock companies during the Commercial Revolution was a key aspect of the financial system that paved the way for modern corporations. By allowing multiple investors to pool their resources and share in both the risks and profits of ventures, this structure facilitated larger-scale enterprises and spurred economic growth. The ability to raise capital through the sale of shares laid the groundwork for contemporary corporate finance, enabling businesses to expand and innovate on a much larger scale. This model of ownership and investment continues to underpin the corporate structures we see today.