Economics Topic 5 Vocabulary

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Across
  1. 2. nonprofit organizations that promote the interests of particular industries
  2. 4. the legal obligation to pay debts
  3. 5. a semi-independent business that pays fees to a parent company
  4. 8. organizations that do not operate for the purpose of generating profit
  5. 10. a business managed and owned by one person
  6. 12. 2 or more firms involved in different stages of producing the same good or service join together
  7. 14. temporary and part-time jobs
  8. 15. a certificate of ownership in a corporation
  9. 16. the theory that education increases efficiency of production and thus results in higher wages
  10. 18. a business organization owned and operated by a group of individuals for their shared benefit
  11. 19. negotiating labor contracts that keep unnecessary workers on the company payroll
  12. 20. money and other valuables to a partnership
Down
  1. 1. only one partner is required to be a general partner
  2. 3. the quantity of output produced by a unit of labor
  3. 6. a formal contract issued by a corporation that includes the promise to repay borrowed money with interest at fixed intervals
  4. 7. all nonmilitary people who are employed or unemployed
  5. 9. a settlement technique in which a neutral person meets with each side to try to find a solution that both sides will accept
  6. 11. an organized work stoppage intended to force an employer to address union demands
  7. 13. demand for labor is called
  8. 17. payments to employees other than wages or salaries