Economics Module 3 Vocabulary

Which of the following types of corporate earnings leads people to say they are taxed twice?

institution that acts like a business but exists to benefit society rather than to make profit

Which one of these products is a(n) commodity?

How does the pay level of women compare to that of men?

A business owned and controlled by one person

The ideal model of a market economy; well-informed and independent sellers

Deregulation of cable companies has led to

The combining of >2 businesses involved in different steps of producing or marketing a product

organization of workers that seeks to improve wages,working conditions, benefits,job security

Shares of ownership in a corporation

market structure in which only 1 seller sells a product for which there areno close substitutes

A business owned by shareholders who own the rights to the company’s profits (stock game)

A business co-owned by two or more people who agree on how responsibilities, profits, & losses

A market structure in which only a few sellers offer a similar product (2-4/70%-80% of market)

Another name for capitalism, economic system based on private ownership of productive resources

The combination of vision, skill, ingenuity, and willingness needed to run new businesses

A market structure in which many sellers offer similar but not identical products to consumers

A business composed of companies that produce unrelated goods or services