Economics Vocab

1. An organization of workers that tries to improve working conditions, wages, and benefits for its members
3. Negotiating labor contracts that keep unnecessary workers on the company payroll
4. What do Economists define as all nonmilitary people who are employed or unemployed?
6. A certificate of ownership in a corporation
7. The movement of some of a company's operations, or resources of production, to another country
11. Measures that ban mandatory Union membership
14. An authorization from local government to operate a business
15. Demand of laws
16. In a partnership, more than one person contributes what?
17. A settlement technique in which a neutral person, the mediator, meets with each side to try to find a solution that both sides will accept
19. Bargaining Process in which union and company management meet to negotiate a new labor contract
20. A neutral third party listens to both sides and the imposes of a decision

2. These workers perform manual labor, often in a manufacturing job and earn an hourly wage
5. The ownership structure of a company or firm
8. They often choose to pay a share of those profits to stockholders in payments called what?
9. An organization work stoppage intended to force an employer to address Union demands
10. A business organization owned and operated by a group of individuals for their shared benefit
12. They may prohibit sole proprietors from operating business out of their homes
13. Companies contract with another company to do a specific job that wold otherwise be done by a company's own workers.
18. The legal obligation to pay bills