Unit 9 Vocab Review

Match the following

• The growing world-wide markets and trade in goods and services.

• Global Economy

• part of the economy run by individuals and companies for profit, not the government

• Private sector

• Money available for investment in a business

• Financial Capital

Match the following

• A form of business organization that has two owners who share the profits of the company.

• Corporation

• A form of business organization in which ONE individual owns the entire business and receives profit

• Proprietorship

• A form of business organization which often has large numbers of investors as part owners.

• Partnership

​ (a)   is when supply and demand are balanced, while ​ (b)   is the point where supply and demand meet.

• Equilibrium
• equilibrium price
• efficience
• circular flow

The U.S. economy is part of a larger ​ (a)  

• global economy
• circular flow
• Partnership

​ (a)   take in deposits of money and then use it to make loans.

• Banks
• Corporations
• Private Sector

Match the following

• The point where supply and demand meet.

• Supply

• The amount of a product or service that will be purchased by buyers at all possible prices. 

• Demand

• The amount of a product or service sellers are willing to sell at all possible prices.

• Equilibrium price

Match the following

• Producing something without wasting materials, time or energy.

• Motive

• power or authority

• Efficiency

• A reason for doing something.

• Undue

• not needed

• Sovereignty

A ____ is the term for banks, savings and loans, and credit unions.

• Financial Capital

• Financial Institution

• Credit Union

• Bank