NET WORTH

CEO

Resources that a business owns

LIABILITIES

Using money to create wealth or profit over a period of time

Something that we desire but is not essential to survival

Wishing to own something and having the ability to pay for it

Unlimited wants exceed the limited resources available to fulfill those wants (Time is an example of this)

System in which a country's industry is controlled by private owners for their profits rather than the government

Complete control of a product or business by only one person\firm

Periodic reports published by companies for the purpose of providing information to external users

NYSE

A fractional ownership of a firm which an individual buys in hopes of earning money also a company issues in order to raise funds

The first time a company issues stock that can be bought by the general public

Interest earned on BOTH the principal amount and any interest already earned

A retirement account that an employer maintains to give its workers a fixed payout at retirement

Actions which companies act together with whole world to result in successful business ventures.

Ability of a firm to produce more of a good or service than the compitition, using the same amount of resources

The difference of a country's total exports and total imports

A tax on imported goods, intended to keep jobs and profits here in the USA

A downward sloping curve showing relationship between price of a product and the quantity of it demanded

The point of balance where the demand curve and supply curve meet

Exclusive right granted by the Federal Government allowing the owner to be the only person to make money on an artistic or published work

Beliefs about what is fair and what is right or wrong