Economics

3. The right to buy and sell goods as you want.
6. corporate profits paid to stockholders.
8. a type of business that is recognized as a separate legal entity.
9. An economy where economic decisions are made by people looking out for their own best interests.
11. the manufactured goods used to make other goods and services.
12. the people who buy corporate stocks.
14. items provided by nature without human intervention that can be used to produce goods and to provide services.
17. Business owners may operate however they see fit, with little direction or interference by the government.
19. Proprietorship a small business owned by one person.

1. a business in which two or more people share the responsibilities, costs, profits, and losses.
2. businesses will sell more products when they can sell higher prices.
4. business organizations that provide goods and services without seeking to earn a profit for stockholders.
5. all human effort, skills, and abilities used to produce goods and services.
7. when a company is the only one to sell a particular thing.
10. an economic system in which the productive resources-farms, factories, machines, and so on-are owned by private citizens.
13. buyers will demand, or want, a greater quantity of a good when its price is low.
15. a person who organizes, manages, and assumes the risks of business.
16. When there are not enough resources to reach people’s wants.
18. shares of ownership.