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Week 5 Vocabulary Review
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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.
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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.
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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.
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A business owned by stockholders.
Liability Corporation Partnership Market Revenue Sole proprietorship Oligopoly Monopolistic competition Perfect competition monopoly A business owned by stockholders.
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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.
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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.
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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.
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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.
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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.
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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.
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