Economies and Financial Terms

5. PROPERTY Individual ownership and control of assets
6. MOTIVE Incentive to engage in economic activity for financial gain
7. MERGER Companies in same industry combine
13. Legal process for individuals or businesses unable to repay debts
14. SOVEREIGNTY The concept that the consumer ultimately decides what is produced in a market economy.
16. EXCHANGE Mutually beneficial trade between willing parties
18. Unrelated businesses join together
24. ECONOMY An economic system based on customs and traditions
26. Payment made to shareholders from company profits

1. BARGAINING Negotiations between representatives of labor and management
2. ORGANIZATION n organization dedicated to public or social benefit rather than making a profit for private owners
3. Two or more people share business ownership
4. MERGER Companies at different production stages merge
8. ECONOMY Economic decisions made by individuals and businesses
9. ECONOMY Government controls all economic decisions
10. AND DEMAND Relationship between the availability of a product and the desire for it, which determine its market price.
11. UNION An organization formed to work for its workers.
12. owned by shareholders, represents ownership in a corporation
15. Total income generated by business activities
17. Separate legal entity, owned by shareholders
19. Legal responsibility for business debts and actions
20. Business operates in multiple countries
21. Voluntary association formed to carry out an economic activity.
22. Loan made to a company or government
23. PROPRIETORSHIPS A business owned and operated by one individual
25. ECONOMY Combines elements of market and command economies