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  1. 2. two or more firms involved in different stages of producing same good or service
  2. 4. company taxed on its profit and shareholders are taxed again
  3. 8. combine land, labor, and capital to create a market
  4. 11. only one partner is required to be a general partner
  5. 14. don't operate for two purposes of generating profit
  6. 15. portion of corporate profits paid out to stockholders
  7. 16. corporation cannot lose more than what they paid for their stock
  8. 17. Money and other valuable belonging to an individual
  9. 18. concept that everyone can compete in a market place
  10. 19. establishment formed to carry on commercial enterprise
  11. 21. :one person assets can be seized to pay business debt
  1. 1. combination of two or more firms competing in the same market
  2. 3. right to sell a good or service within a market
  3. 5. death of an owner ends the business and its must be reestablished in new owner name
  4. 6. repay borrowed money or intervals
  5. 7. amount of goods available
  6. 9. owned/managed by a single individual
  7. 10. owned by two or more person
  8. 12. legal entity owned by stockholders
  9. 13. legal bound obligations to pay debts
  10. 20. certificate of ownership in a corporation