Lesson 8 Flashcards
(8 cards)
1
Q
Competition
A
An event or contest in which people compete.
2
Q
Consumer
A
A person who purchases goods and services for personal use.
3
Q
Efficiency
A
Able to minimize the waste of resources.
4
Q
Monopoly
A
The exclusive possession or control of the supply of or trade in a commodity or service.
5
Q
Mortgage
A
convey a property to a creditor as security on a loan.
6
Q
Stockholder
A
A person, company, or institution that owns at least one share of a company’s stock.
7
Q
Volatility
A
Liability to change rapidly and unpredictably, especially for the worse.
8
Q
Yield
A
Give way to arguments, demands, or pressure.
