Concept:Equity shares represent ownership capital and usually form the largest share of capital in a public limited company.
Explanation:Equity shares are also known as ordinary shares.
They give shareholders part ownership and voting rights in the company.
Equity shareholders bear the maximum entrepreneurial risk in the business.
Public companies raise large funds by offering equity shares to the general public.
Hence, equity shares form the bulk, or major portion, of a public company's capital.
A private firm cannot freely invite the public to subscribe to its shares.
In a limited partnership, capital is contributed mainly by the partners, not by equity shareholders.
A statutory company is created by a special Act of Parliament and does not rely primarily on equity shares.
Therefore, the type of business whose capital is dominated by equity shares is a public company.
Answer:Public company (Option B).