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Industry/Economic
The Rise of Industry Vocabulary and The Economic Principle of Supply and Demand
| Question | Answer |
|---|---|
| Free-enterprise system | Businesses are owned and operated by private citizens not the government. |
| Capital | Amount of money a company uses to carry on business. |
| Corporation | A business owned by many investors and run by a Board of Directors. |
| Stocks | The shares of a corporation. |
| Dividend | A share of a corporation's profits. The amount a shareholder receives is dependent upon the amount of stock you own. |
| Supply | The amount of a product available for sale. |
| Surplus | Too much of a product. |
| Deficit | Not enough of a product. |
| Demand | The willingness and ability to purchase a good or service. |
| Competition | Two or more companies are rivals for the business of a customer. |