Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
8 Cards in this Set
- Front
- Back
|
Interest
|
the payment for theuse of capital.
|
|
|
Demand
|
The amount of a product or service that buyers are willing and able to buy at different prices
|
|
|
Supply
|
defined as the amount of a product that producers are willing and able to offer at different prices
|
|
|
Market price
|
the price at which buyers and sellers agree to trade
|
|
|
Entrepreneur
|
A person who starts a business
|
|
|
Sole proprietorship
|
a business owned by an individual
|
|
|
partnership
|
type of business in which two or more people share ownership
|
|
|
corporation
|
is a business that is separate from the people who own it and legally acts as a single person
|
