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Chapter 14 Social Studies

AB
SupplyThe amount of a product that producers are willing to sell
DemandThe amount of a product that consumers are willing to buy
Market PriceThe price at which buyers and sellers agree on
InterestPayment for the use of capital
RentPayment for the use of land
EntrepreneurSomeone who startes a buisness
Sole ProprioterA business owned by one person
CorperationA business that is seperated from the people who own it and legally act as one
PartnershipWhen two or more people share ownership
Stock HolderSomeone who owns stock in a business

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