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Chapter 16

Economics

QuestionAnswer
Constituion the basic law of an entire nation or state
Statue law passed by a legislature that ethier prohibits or demands specific activites
UCC a set of laws that are the same throught the country and that are used to control and regulate business transactions
Oridance law passed by a local gov. unit
Common law the legal decisons made by english courts over hundredsofyears
administrative law law that deals with the regulation of busuness
Interstate commerce Business activites that affect people or businesses in 2 or more states
Anti trust laws laws passed by state and federal governments to prevent monoplies
Deregulation the removal of sometype of regulation
Patent A government authority to an individual or organization conferring a right or title, esp. the sole right to make, use, or sell some invention
Copyright The exclusive legal right, given to an originator or an assignee to print, publish, perform, film, or record literary, artistic, or musical material, and to authorize others to do the same
registered trademark names,brands, etc. that a business list with the gov. so they may not be used by other businesses
tax abatement special limited tax breaks used to attract business that also help the local gov.
depreciation 1.A reduction in the value of an asset with the passage of time, due in particular to wear and tear
Created by: keykey7777777
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