| A | B |
|---|
| sole proprietorship | buisness owned and controlled by one person or family |
| partnership | 2 or more owners |
| corporation | business sells portions of ownership (shares) |
| stock | a "share" or portion of the business |
| dividend | profit (money made) from stock |
| merger | companies grow by buying out other companies |
| non-profit | organizations that serve for public benefit, do not make a profit |
| trust | a group of separate companies had same Board of Directors (illegal now) |
| monopoly | when one company controls the market (illegal) |
| free enterprise system | free work by group that benefits another |
| laissez-faire | free market works with no government say |
| socialism | government owns and operates country's production |
| capitalism | economic system where private business runs most industries |
| philanthropy | giving money to support a good cause |
| Social Darwinism | view of society based on Darwin's "natural selection" |
