Topic 5 Vocabulary

6. Organization focused on a social cause rather than profit.
11. Percentage of the labor force that is without work but actively seeking employment.
13. A merger between companies that operate in the same industry and at the same stage of production.
14. Regulations that govern land use and property development.
15. The total number of workers available for work in a given area.
16. Business partnership where some or all partners have limited liabilities.
17. The supply and demand for workers within an economy.
19. A large corporation that owns a number of different businesses.
20. Business structure where two or more individuals share ownership.

1. Business owned and operated by a single individual.
2. The combining of two or more companies into one.
3. Legal responsibility for something, especially debts or damages.
4. Legal entity separate from its owners, typically with shareholders.
5. Organizations formed by workers to protect their rights and interests.
7. The process of legally forming a corporation.
8. A merger between companies operating at different stages of the production process.
9. A business model in which a company allows others to operate under its brand.
10. A company that operates in multiple countries.
12. Business owned and operated by its members for mutual benefit.
18. The lowest wage legally allowed to be paid to workers.