Economics Vocab

2. An organization work stoppage intended to force an employer to address Union demands
4. Process in which union and company management meet to negotiate a new labor contract
8. An organization of workers that tries to improve working conditions, wages, and benefits for its members
11. In a partnership, more than one person contributes what?
13. Companies contract with another company to do a specific job that wold otherwise be done by a company's own workers.
19. These workers perform manual labor, often in a manufacturing job and earn an hourly wage
20. They may prohibit sole proprietors from operating business out of their homes

1. 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
3. The legal obligation to pay bills
5. A neutral third party listens to both sides and the imposes of a decision
6. A business organization owned and operated by a group of individuals for their shared benefit
7. Measures that ban mandatory Union membership
9. The movement of some of a company's operations, or resources of production, to another country
10. An authorization from local government to operate a business
12. A certificate of ownership in a corporation
14. The ownership structure of a company or firm
15. They often choose to pay a share of those profits to stockholders in payments called what?
16. What do Economists define as all nonmilitary people who are employed or unemployed?
17. Negotiating labor contracts that keep unnecessary workers on the company payroll
18. Demand of laws