Economics Topics 1-7

4. A farmer's market is an example of this type of Market Structure
10. Type of business owned by Stockholders
12. Something that has value because the government said it has value
13. When laborers refuse to work until certain conditions are met
15. The market Structure in which a few firms dominate the market
16. The Market Structure where one singular firm dominates the market
17. An association of workers organized to improve wages and working conditions
18. The point at which quantity demanded equals the quantity supplied

1. Economic system in which individual business owners decide what products to sell, how to make them, and how much of them to sell
2. Value of all final goods and services produced in a country in a year
3. Type of unemployment because of new technology or mismatched skills
4. A government set minimum payment that must be paid for a good/service
5. Not as accessible money; Savings Accounts, Bonds, Stocks
6. Economic system in which the government controls the factors of production
7. Economic system that has some elements of a command economy and some elements of a free market.
8. General increase in prices across an economy
9. An object that has an intrinsic value
11. When a company contracts a 3rd party to do a job instead
14. Representatives from both parties try to work out an agreement
16. Accessible money; Cash, Debit Cards, Checking Accounts