Vocabulary

4. nonmilitary people who are employed or unemplyed
6. theory about the relationship of education to wages
8. promote the collective business interests of a city,state, or other geographical area, or of a group of similar businesses
11. legal obligation to pay debts
13. wage rate or price of labor services that is set when the supply of workers meets demand for workers in the labor market
15. nonprofit organizations that prmote interests of particular industries
16. an organized work stoppage intended to force employer to address union demand
17. legal entity or being owned by individual stockholders each of whom has limited liability for the firms debts
18. authorization from the local government to operate a
19. Demand for labor
20. business organization owned and operated by a group of individuals for their shared benefit

1. business organization owned by two or more people who agree on a specific division of responsibilities and profits
2. specialized abilities and training to do tasks suck as operating complicated equipment
3. threee or more unrelated businesses are involved
5. measures that ban mandatory union membership
7. Semi independent business that pays fees to a parent company
9. business owned and managed by a single individual
10. companies contract with another company to do a specific job that would otherwise be done by company's own workers
12. formal contract issued by a corporation or other entity that includes the promise to repay borrowed money with interest at fixed intervals
14. the money and other valuables belonging to an individual or business