Business and Economics Terms

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Dividend

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portion of corporation profits paid to its stockholders.

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Common Stock

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shares of ownership in corporation that gives stockholders voting rights and portions of future profits.

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Inventory

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supply of the items used in a business such as raw materials or goods for sale

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Corporation

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type of business organization owned by many people, but treated by law as though it were a person

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Partnership

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business that two or more individuals own and operate

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Startup

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beginning business enterprise

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Joint Venture

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partnership set up for specific purpose for a short period of time

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Assets

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all items to which a business or household holds legal claim

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Entrepreneur

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person who organizes, manages, and assumes the risks of a business in order to gain profits

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Proprietor

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owner of business