Economics

2. the concerns of society as a whole
4. decision making in small units such as households and firms
6. the expenses a new business must pay before it can begin to produce and sell goods
9. the incentive that drives individuals and business owners to improve their material well being
11. a shared good or service for which it would be inefficient
12. a contract that gives a single firm the right to sell its good
13. a graphic representation of a demand schedule
15. a formal contract issued by a corporation or another entity that includes a promise
17. a government license that gives the inventor of a new product the right to sell it
19. the legal obligation to pay debts

1. business owned by two or more people
2. love of one's country
3. decision making in a nations whole economy
5. a cost that rises or falls depending on the quantity produced
7. a table that lists the quantity of a good that a person will purchase at various prices in a market
8. when two or more companies join to make a single firm
10. the change in consumption that results in response to changes in price
14. a market in which a single seller dominates
16. the portion of corporate profits paid put to stockholders
18. a cost that does not change no matter how much of a good or service is produced