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