Week 5 Vocabulary Review

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Presentation transcript:

Week 5 Vocabulary Review

A way for buyers and sellers to exchange things. Liability Corporation Partnership Market Revenue Sole proprietorship Oligopoly Monopolistic competition Perfect competition monopoly A way for buyers and sellers to exchange things.

A business owned by 2 or more people. Liability Corporation Partnership Market Revenue Sole proprietorship Oligopoly Monopolistic competition Perfect competition monopoly A business owned by 2 or more people.

Income earned either through sales or taxes. Liability Corporation Partnership Market Revenue Sole proprietorship Oligopoly Monopolistic competition Perfect competition monopoly Income earned either through sales or taxes.

A business owned by stockholders. Liability Corporation Partnership Market Revenue Sole proprietorship Oligopoly Monopolistic competition Perfect competition monopoly A business owned by stockholders.

A business owned by one person. Liability Corporation Partnership Market Revenue Sole proprietorship Oligopoly Monopolistic competition Perfect competition monopoly A business owned by one person.

A market structure in which all goods and services are identical. Liability Corporation Partnership Market Revenue Sole proprietorship Oligopoly Monopolistic competition Perfect competition monopoly A market structure in which all goods and services are identical.

A market structure dominated by one large firm. Liability Corporation Partnership Market Revenue Sole proprietorship Oligopoly Monopolistic competition Perfect competition monopoly A market structure dominated by one large firm.

The responsibility for all debt, duties, and problems in a business. Liability Corporation Partnership Market Revenue Sole proprietorship Oligopoly Monopolistic competition Perfect competition monopoly The responsibility for all debt, duties, and problems in a business.

A market structure in which a few large firms sell similar products. Liability Corporation Partnership Market Revenue Sole proprietorship Oligopoly Monopolistic competition Perfect competition monopoly A market structure in which a few large firms sell similar products.

A market structure in which many companies sell similar products. Liability Corporation Partnership Market Revenue Sole proprietorship Oligopoly Monopolistic competition Perfect competition monopoly A market structure in which many companies sell similar products.