| A | B |
|---|
| Trust | Two or more businesses that act as if they are one business and do not complete against one another. |
| Deregulation | Relaxation of rules governing a type of business |
| Labor Unions | Group of workers who join together in order to gain better conditions. |
| Collective Bargaining | Process where workers join together and make demands as a larger group in order to gain leverage with their employers. |
| Blacklist | Owner tactic where they fire troublesome workers and try to keep them from future employment. |
| Right to Work Laws | Laws in many states which allow workers to choose whether to join the union or not--usually have weakened the power of unions. |
| Mediation | Process where two groups within a dispute try to use a third party to give a suggested solution to their problem. |
| Arbitration | Process where two groups within a dispuird go to a third party who is given legal binding authority to decide the issue. |
| Progressive Tax | Tax that is based on the ability of a person to pay and people who make more money should pay a greater percentage. |
| Regressive Tax | Tax that is paid on an equal percentage by everyone --can be unfair to those with less of a disposable income. |
| Income Tax | Tax that is based on the money one earns and this tax is usually progressive. |
| Excise Tax | Tax that is placed upon certain items such as gas,alcohol, and cigarettes. |
| Tariffs | Tax rate that is placed upon certain items as they are imported into the nation. |
| Revenue | Economic term for the money that is recieved. |
| Expenditures | Economic term for the money that is spent. |
