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Economics review part 5

AB
liabilityresponsibility for debts
a non for profitchurch
disadvantage of sole proprietorshipunlimited liability
franchisepay monthly fee to use the company name and goods
a corp is a legal personit can be sued or sue
a monopolya single seller dominates the industry
a cartelcontrols prices through production
U.S. governments budgetfiscal policy
exchange ratechanging one country's currency for another
spending exceeds revenuedeficit
progressive taxpercentage of tax increases with salary


12th Grade Consultant
Schalmont High School
Schenectady, NY

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