Economics Terms

4. the basic materials that people cannot live without
7. A company that is the only one producing a good or providing a service
8. someone who owns shares in a corporation
10. someone who provides goods or services
12. shares of ownership in a corporation
13. producers will produce more when they can sell at higher prices
15. human effort, skills and abilities used to produce goods and services
16. money remaining after all expenses have been paid
19. A type of business that is recognized as a separate legal entity from the people who own it
21. type of economy in which the government makes all the decisions
22. type of economy in which people may grow their own food and make their own goods
25. a small business owned by one person
26. social science which studies the production, distribution and consumption of goods and services
27. person who creates and assumes the risk of establishing a business
28. type of economy in which people have the freedom to obtain goods and services however they choose
29. corporate profits paid to people who own stock

1. licensed financial institutions that buy and sell securities
2. things that are not necessary for survival but they have value to consumers
3. licensed professional who buys and sells securities
5. work provided for others as an occupation or business
6. lack of a particular resource
9. items found in nature used to produce goods and services
11. manufactured goods used to produce more goods and services
14. Business in which two or more people share in the responsibilities, costs, profits and losses
17. a loan made by an investor, typically a corporation or the government
18. someone who purchases goods and services
20. A group that provides goods or services without seeking a profit
23. buyers will want more when they can buy at lower prices
24. items that satisfy human wants and needs