| A | B |
|---|
| Natural monopoly | A single business that influences the entire production of a particular good or service because it is in the best interests of the public for the business to do so |
| Private sector | That part of the economy that is owned and controlled by individuals and/or businesses |
| Price discrimination | An illegal activity in which a business charges different customers different prices for similar amounts and types of products |
| Private enterprise system | An economic system in which individuals and groups, rather than government, own or control the means of production; also known as a free market economy, private profit system, market system, capitalistic system, or free enterprise system |
| Public sector | That part of the economy that is owned and operated by government at all levels (e.g., schools, libraries, highway systems) |
| Price supports | Assistance by government in maintaining the price of a good or service to enable the producers to earn a profit |
| Subsidy | Government financial help given to a business |
| Occupational Safety and Health Administration (OSHA) | A federal government agency that writes and enforces safety and health standards for businesses |
