| A | B |
|---|
| SPAN OF CONTROL | The measurement of how many workers are supervised by one manager |
| TRADE INDUSTRIES | Businesses that buy and sell goods to others; retailers and wholesalers. |
| WHOLESALERS | Intermediaries who help to move goods between producers and retailers by buying goods from producers and selling them to retailers. |
| COMMAND ECONOMIC SYSTEM | An economic system in which all or many of the means of production and distribution are owned and controlled by the government. |
| PRIVATE ENTERPRISE SYSTEM | An economic system in which individuals and groups, rather than government, own or control the means of production–the human and natural resources and capital goods used to produce goods and services |
| COMMUNISM | A command economic system in which the government controls the economic system and does not allow private ownership of the means of production and distribution |
| TRADITIONAL ECONOMY | An economic system in which people produce only what they must have in order to exist; all economic decisions are based on habit and tradition. (EC LAP 17) |
| STAFF AUTHORITY | Advisory authority, often without the ability to enforce or take action |
