Economics Topic 5 Vocabulary

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Across
  1. 3. the practice of negotiating labor contracts that keep unnecessary workers on the company's payroll
  2. 5. a type of cooperative that provides a service rather than a good
  3. 6. a business owned and managed by a single individual
  4. 7. a business organization owned and opperated by a group of individuals for their shared benefit
  5. 12. a type of partnership in which all partners share equally in both responsibility and liability
  6. 13. the merger of two or more firms involved in different stages of producing the same good or service
  7. 14. a measure that bans mandatory union membership
  8. 17. the practice of contracting with another company to do a specific job that would otherwise be done by a company's own workers
  9. 18. a type of partnership in whichonly one partner is required to be a general partner, while the other partners have limited responsibilities
  10. 19. a legal entity, or being, owned by individual stockholders, each of whom has limited liability for the firm's debts
  11. 20. the quantity of output produced by a unit of labor
Down
  1. 1. an organized work stoppage intended to force an employer to address union demands
  2. 2. a type of partnership in which all partners are limited partners
  3. 4. the combination of two or more firms competing in the same market with the same good or service
  4. 8. the legal obligation to pay debts
  5. 9. laws in a city or town that designatecertain areas, or zones, for residential and business use
  6. 10. a type of demand that is set by the damand for another good or service
  7. 11. workers that are allowed to live and work in the United States only temporarily
  8. 15. the movement of some of a company's operations, or resources of a production, to another company
  9. 16. a retail outlet owned and operated by consumers that sells merchandise to members at reduced prices