Econ Vocab

3. Benefit is the farmer/rancher can focus on their job and not advertising
5. Can easily change based on demand
7. Function like a general partnership but each partner only has a limited amount of liability
10. Provide a service like health, legal care or credit unions
11. advanced skills & education, white-collar jobs
14. Help corporations grow
16. Sell merchandise to members at reduced prices
19. Semi independent business that pays fees to a parent company
20. when 2 or more firms involved in different stages of production join together
21. One person hold the liability and the other invests the money

1. Most complex form of business
2. A cooperative is a business organization owned and operated by a group of individuals for their shared benefit\
4. Headquartered in one country, but operating in many
6. Business owned by 2 or more people who agree on a division of responsibilities and profits
8. Business owned by one person
9. No owner, often run by a board
12. Speciality skills need very little Supervison
13. Minimal Skills Might need to learn how to use equipment
15. As the economy changes, so does the job market
17. all nonmilitary people who are employed or unemployed.
18. No speciality Skills