Review

1. The performance of a particular task or skill in exchange for money
4. Economy in which production of goods and services is determined by supply and demand
10. Business that is owned and often operated by a single individual
13. Items of value
15. Economy that combines elements of both a command economy and a market economy.
16. A business that creates goods and services.
17. What is owed, debt, loan balance

2. Business that is legally separate from its owners and is run by a board of directions
3. Two or more people who co-own a business
4. Tells the business’ reason for existence (the purpose)
5. Tax on imported goods
6. Communication through posture, eye contact, and facial expression
7. Work performed by people in organizations.
8. Business that is owned and operated by those using its services; also called a co-op
9. Economy in which the overnment takes charge of all economic decisions.
11. When a country or business has exclusive control over a product or service
12. Tangible (physical) items
14. Equipment, tools, machines, money / cash