Businesses
Oligopoly
market structure in which a few large sellers dominate and have the ability to affect prices in the industry, form of imperfect competition
certificates of ownership in a corporation; common or preferred stock
Inventory
stock of goods held in reserve; includes finished goods waiting to be sold and raw materials to be used in production
Boycott
protest in the form of refusal to buy, including attempts to convince others to take their business elsewhere
Bonds
formal contract to repay borrowed money and interest on the borrowed money at regular future intervals
Sole proprietorship
unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm; most common form of business organization in the United States
Bonds
formal contract to repay borrowed money and interest on the borrowed money at regular future intervals
Foreclosure
process in which a lender reclaims the property due to a lack of payment by the borrower
Sole Proprietorship
unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm; most common form of business organization in the United States
Franchise
business investment that involves renting or leasing another successful business model
Corporation
form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the right to buy and sell property, enter into legal contracts, and to sue and be sued
Depreciation
gradual wear on capital goods
Crowdfunding
using social networking to appeal to potential investors
Nonprofit Organization
economic institution that operates like a business but does not seek financial gain; schools, churches and community-service organizations are examples
Lassez-Faire
philosophy that government should not interfere with business activity
Franchise
business investment that involves renting or leasing another successful business model
Mortagage
legal document that pledges ownership of a home to a lender as security for repayment of borrowed money
Credit Union
labor union whose members perform the same kind of work; same as trade union
Depreciation
gradual wear on capital goods
Mortgage
legal document that pledges ownership of a home to a lender as security for repayment of borrowed money
Nonprofit Organization
economic institution that operates like a business but does not seek financial gain; schools, churches and community-service organizations are examples
Laissez-faire
philosophy that government should not interfere with business activity
Collective bargaining
process of negotiation between union and management representatives over pay, benefits and job-related matters
Oligopy
market structure in which a few large sellers dominate and have the ability to affect prices in the industry, form of imperfect competition
Inventory
stock of goods held in reserve; includes finished goods waiting to be sold and raw materials to be used in production