A | B |
stockholder | people who buy shares of a business |
limited liability | risk of losing a limited sum b/c ownership is shared between many people |
dividend | shares of the profit paid to stockholders |
capitalism | econ. system where people put money into businesses in hopes of making a profit |
traditional economy | econ. choices made according to customs handed down through generations |
mixed economy | type of econonmy we have in the US |
resources | materials, money, and people available to the community |
marketing | getting goods to the consumers who want them |
capital goods | building and machines needed to make goods and provide services |
gross income | total amount of money the business makes |