Flashcards in Civics Chapter 12 Deck (12):
Payment for use of capital
The amount of a product or service that buyers are willing and able to buy at different prices.
Amount of an object that producers are willing and able to offer at different prices.
Price at which buyers and sellers agree to trade
Person who starts a business
Business owned by an individual
Business in which two or more people share ownership
Business that is separate from the people who own it and legally acts as a single person
Organizations of workers that seek to improve wages and working conditions and to protect member's rights.
Process by which representatives of the unions and business try to reach agreement about wages and living conditions
Refuse to buy