Economics Project

2. A merger occurring between companies in the same industry.
7. a worker who is hired on a temporary or fixed-term contract basis to provide specific services for a specific project or period of time.
8. the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff.
10. a joint venture between a franchisor and a franchisee.
13. Wages fluctuate with respect to the demand and supply of labor.
15. the process by which education increases productivity and results in higher wages.
16. investment securities where an investor lends money to a company or a government for a set period of time, in exchange for regular interest payments.
18. a business arrangement by which two or more individuals agree to share responsibilities, assets, profits, and financial and legal liabilities of a jointly-owned business.

1. something a person or company owes, usually a sum of money
3. gives workers the freedom to choose whether or not to join a labor union in the workplace.
4. the theory that the completion of college indicates to employers that a job applicant is intelligent and hard-working. contingent employment.
5. the sum of the employed plus the unemployed
6. an unfair labor practice that occurs when a union requires an employer to pay for services they did not perform.
9. the relocation of an aspect of a business's operations from one country to another
11. the merger of two or more companies that provide different supply chain functions for a common good or service.
12. the demand for a good or service that results from the demand for a different, or related, good or service.
14. foreign national who is permitted to live and work temporarily in a host country.
17. output per worker or per hour worked.