| A | B |
|---|
| Payment for use of Capital | Interest |
| the amount of a good or service buyers are willing to buy at different prices | Demand |
| the amount of a productthat producers are willing and able to offer at different prices | Supply |
| the price at which buyers and sellers agree | Market Price |
| the market where productive resources such as land, labor or capital are bought and sold | Factor Market |
| the market where finished products are bought | Product Market |
| the individual who starts a business, takes all the risk | Entrepreneur |
| a business owned by one individual | Sole Proprietorship |
| a business that is owned by 2 or more individuals | Partnership |
| a business that is separate from the people that own it, acts as a person, sells shares of stock | Corporation |
| any organization that combines labor, land and capital in order to produce goods or services | Business |
| the difference between the cost of the product and what the seller receives | Profit |
| the reason behind starting a business | Profit Motive |
| shares of ownership in a corporation | Stock |
| people who own shares of stock | Stockholders |
| organizations of workers that seek to improve wages and working conditions and protect member rights | Labor Unions |
| process where representatives of unions and business try to reach agreement about wages and working conditions | Collective Bargining |
| a refusal to buy | Boycott |
| workers refuse to work until demands are met | Strike |
| breaking down of a complex job into smaller parts | Divison of Labor |
| the money that people earn for their labor | Wages |
| deal with members of a particular trade or craft | Trade Unions |
| deal with members who belong to a particular industry | Industrial Unions |
| people who cross picket lines | Scabs |
| used by management to not allow workers to work | Lockouts |
