Market Structures
what market structure has many sellers and similar products?
perfect competition
what is money paid to workers called?
wages
Taxes
what program helps older people after retirement?
Social Security
what place are stocks bought and sold?
stock market
what market structure has only one seller?
Monopoly
what is unemployment?
people without jobs looking for work
what tax is taken from workers paychecks?
income tax
what is money spent by the gov called?
government spending
what is money saved in the bank called?
savings
what market structure has a few large companies?
Oligopoly
what is the minimum legal pay called?
minimum wage
what tax is added to items people buy?
sales tax
what branch of the military protects the country?
defense/ military
what do banks charge for borrowing money?
interest
what market structure includes brand names and competition?
Monopolistic competition
what is a group of workers organized together called?
Labor Union
what do property owners pay to the government?
property tax
what happens when the government spends more than it earns?
Budget deficit
what is the share of ownership in a company called?
stock
what controls prices in most markets?
what happens when workers stop working to protest?
what are fees paid to bring goods into a country called?
Tariffs
what is money borrowed by the gov called?
National debt
what is investing?
putting money into something to gain more later