Chapter 17 Vocab

2. The right to buy and sell goods as you want
4. Productive resources are owned by private citizens
5. Provide goods and services without seeking earrings for stockholders
7. Buyers will want a greater quantity of goods when the price is low
8. The sharing of ownership
10. The people who corporate stocks
12. Manufactured goods to make other goods and services
13. Businesses will produce more product when they can sell them at higher prices
15. When there are not enough resources to meet people’s wants
16. Person who organizes and assumes the risks of a business
18. When economic decisions are made by people looking out for their best interests
19. when a company is the only company selling a specific product
20. Money a business has left after it has paid its expenses

1. Provided by nature to produce goods and provide services
3. Corporate profits paid to stockholders
6. Busines where 2 or more people hare everything
9. When business owners operate however they see fit, with little interaction from the government.
11. A separate legal entity
14. Business owned by one person
17. All human efforts to make goods and services