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Corporate colonies were ran by joint stocks thus allowing  investors to have a vote on how they would like the colony to be ran.  Royal colonies were under the direct order of the monarchy (King+Queen). 

Answer:

 

Royal colonies were founded under a royal charter. Their governor and colonial council were appointed by the king of England. Such charters provided for a representative assembly and support for the Church of England. Corporate charters, on the other hand, were granted by the king to a company of investors. The management of a corporate colony was up to the directors and shareholders of the company.

Explanation:

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