Business

4. The portion of the economy that is controlled or owned by the government.
6. The increase in the general level of prices in an economy.
7. Bringing together multiple companies or multiple parts or business units from multiple companies to form one large company.
8. ruled by one, bad for the consumer, one company controls the supply of a product
10. A tax placed on imported goods from foreign countries; tariffs intend to raise government revenue and promote the sale of America-made products.
11. A large number of companies sale essentially the same product, consumers have the most power.
12. ruled by a few, fewer companies gain control of certain products. Control the supply of a good or service.

1. A corporation that’s can sell unlimited shares to the general public.
2. same as Pure Competition but the products differentiate, healthy competition.
3. An item that is required, essential, or very important, well beyond just a desire.
5. A tangible item that has utility, is scarce, and is transferable.
9. A county’s total exports minus its total imports