Established vs. founded

[Deya]

Test No. incompl/advan-26 "Agreements", question 7

That company has been in business for over 100 years and in fact was ......... in 1899.

(a) grounded
(b) established
(c) found
(d) invented

Test No. incompl/advan-26 "Agreements", answer 7

That company has been in business for over 100 years and in fact was established in 1899.

Correct answer: (b) established

Your answer was: incorrect
That company has been in business for over 100 years and in fact was found in 1899.
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Why not 'found' ?
What is the difference?

[Alan]

Hi Deya,

Established here means started and you would not use found (past of find) here. Possibly you are thinking of the verb found (founded) which also means establish.

Alan
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