Economics Unit 3

2. A legal entity owned by individual stockholders; the most complex form of business organization.
3. Workers who perform manual labor or work in a trade.
4. Workers who perform professional, managerial, or administrative work.
9. A semi-independent business that pays a fee to a parent company to sell a certain product in a given area.
10. A business owned by two or more people.
13. An organization of workers formed to protect and advance their rights and interests.
15. A company that spans several different industries.
16. A process in which a neutral third party helps resolve a dispute between two parties.

1. A collective work stoppage by employees to protest against working conditions or negotiate better terms.
2. The negotiation process between employers and a group of employees to determine working conditions, wages, and benefits.
5. A process in which a neutral third party makes a binding decision to resolve a dispute.
6. A business owned and managed by a single individual.
7. Jobs that typically require minimal specialized skills or education.
8. Jobs that typically require no specialized skills, education, or training.
11. Jobs that typically require elaborate skills and an advanced educational degree.
12. Jobs that typically require specialized abilities and training to perform tasks.
14. which political party is generally more likely to support labor unions and their work? The Democratic Party