| A | B |
|---|
| Annual General Meeting (AGM) | A meeting for shareholders held every year. |
| Consumer co-operative | An organisation formed by consumers but run like a business. The primary aim is to maximise the members’ interests. |
| Controlling interest | Holding a majority of shares in a business. |
| Directors | The controlling managers of a limited liability company. |
| Dividends | The share of a businesses profit that goes to shareholders. |
| Fixed capital | Money spent on capital goods. |
| Flotation | The creation of a public limited company. |
| Limited liability | When the owner does not have personal responsibility for the debts of the business. |
| Multinational | A business that operates in a number of different countries. |
| Nationalisation | The process |
| Natural monopoly | A single business that controls production for a particular industry or market. |
| Partnership | An unlimited liability business owned by 2 to 20 people. |
| Private limited company | A business with limited liability and whose ownership is restricted. |
| Privatisation | The process |
| Public corporation | A government owned business organisation. |
| Public limited company (plc) | A business with limited liability and whose ownership is open to anyone. |
| Shareholders | Persons that own a limited liability business. |
| Shares | The part ownership of a business. In a plc these can be exchanged in the stock market. |
| Sole trader | A business owned and controlled by just one person. |
| Unlimited liability | When the owner has full personal responsibility for all the debts of the business. |
| Worker co-operative | An organisation formed by workers but run like a business. The primary aim is to maximise the members’ interests. |
| Working capital | Money used to run a business from day to day. |
