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economic study guide 3

Across
A business organization owned by two or more persons who agree on a specific division of responsibilities and profits.
The study of the economic behavior and decision making in small units such as households and firms.
A business owned and managed by a single individual
A certificate of ownership in a corporation
The act of giving up one benefit in order to gain another, greater benefit.
An organization that pools the savings of many individuals and invests this money in a variety of stocks and invests this money in a variety of stocks, bonds, and other financial assets.
Down
Payments to employees other than wages or salary
A product such as petroleum or milk that is consoled the same no matter who produces or sells it.
A person who decides how to combine resources to create goods and services
The principle that limited amounts of goods and services are available to meet unlimited wants
A term coined by Adam Smith to describe the self-regulating nature of the marketplace