Economics Vocabulary!

2. competition, market structure in which many companies sell products that are similar but not identical
4. merger, business consolidation that occurs between firms that operate in the same industry.
6. differentiation, the process of distinguishing a product or service from others, to make it more attractive to a particular target market.
8. is a business that operates in many different countries at the same time.
10. ,a cooperative society, business, or enterprise.
11. a market in which a single seller dominates.
12. income, is the residual amount of earnings after all expenses have been deducted from sales.
14. ,a combination of two things, especially companies, into one.
15. merger, merger of two or more companies that provide different supply chain functions for a common good or service.

1. is the gradual decrease in the economic value of the capital stock of a firm, nation or other entity, either through physical depreciation, obsolescence or changes in the demand for the services of the capital in question.
3. flow, the total amount of money being transferred into and out of a business, especially as affecting liquidity.
5. A market structure in which a few large firms dominate a market
7. is a non-competitive, secret, and sometimes illegal agreement between rivals which attempts to disrupt the market's equilibrium.
9. a number of different things or parts that are put or grouped together to form a whole but remain distinct entities.
13. an illegal grouping of companies that discourages competition, similar to a cartel.