Econ Final Crossword

2. a type of partnership where one member holds unlimited liability and limited partners cannot partake in management activities
6. a tax where each individual pays the same amount
7. a concept by Adam Smith (the invisible hand) that explains that the less the government is involved in the economy, the better off business will be, and by extension, society as a whole
11. a partner that manages the business and holds liability
12. total amount of a particular good or service available at a given time
13. a tax of the transfer of money or property in large sums
15. a type of tax: the more you earn, the more money you pay
16. moves price floor above equilibrium
17. two or more people share the expenses and profits and have unlimited liability
18. this is durable, portable, divisible, acceptable, and has store of value

1. company or group of people that acts as a single entity
2. a partner that invests capital but has limited liability
3. a type of business organization, a large corporation with operations and subsidiaries in multiple countries, conducting business on a global scale
4. large corporation that operates in multiple, unrelated industries
5. how much a good is supplied as the price changes
8. relationship between price of good or service and the quantity of that good or service that producers are willing to offer for sale in a given time period
9. business arrangement where an individual or entity can operate a business using branding, products, and systems of a large company in exchange for fees and royalties
10. when demand equals supply
12. fundamental economic problem that arises because resources are limited
14. moves price floor below equilibrium
16. a tax on items that are considered undesirable or harmful