Economics Vocabulary Review -Abby King

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Across
  1. 2. a license that gives the inventor of a new product the exclusive right to sell it for a certain period of time
  2. 4. the state of being responsible for something, especially by law.
  3. 8. law in a city or town that designates separate areas for residency and for business
  4. 10. two or more competing firms merge together into one company.
  5. 12. companies that operates in more than one country.
  6. 18. the exclusive possession or control of the supply or trade in a commodity or service.
  7. 19. the portions of corporate profits paid out to stock holders
  8. 20. an extra benefit supplementing an employee's salary
Down
  1. 1. tow or more companies that are involved in different stages of the production process merge together
  2. 3. an agreement among firms to divide the market, set prices, or limit production
  3. 5. something you own
  4. 6. Semi-independent business that pays fees to a parent company
  5. 7. type of business entity that is owned and run by one natural person and in which there is no legal distinction between the owner and the business.
  6. 9. an agreement among firms to charge on a price for the same good
  7. 11. formal organization of producers that agree to coordinate prices and production
  8. 13. a raw material that can be bought or sold
  9. 14. formal contracts to repay borrowed money with interest at fixed intervals
  10. 15. the capital raised by a business or corporation through the issue and subscription of shares
  11. 16. a state of limited competition, in which a market is shared by a small number of producers or sellers
  12. 17. share of earnings given as a payment