Economics Unit 2 Vocab Matching Worksheet

government payment to promote the production of goods and services
tax on the estate, or total value of the money and property of a person who has died
individuals could not provide them efficiently
the struggle amongst producers for the dollars of the consumer
consumer tax on a specific kind of merchandise, such as tobacco
spending about with congress is free to make choices
Merger between firms that are involved in totally unrelated business activities
holding to traditional attitudes and values and cautious about change or innovation
Companies grow (expand) by gaining control over the factors of production
When retailers determine what the manufacturers will produce, how much to produce and the price of the product
The acquisition of a business operating at the same level in a similar or different industry
by-products of consumption or production that impose costs on third parties
by-products of consumption or production that benefit third parties
a situation in which the government spends more than it takes in
Conduct most of their business outside of the country in which they are incorporated
taxes collected from employees and employers to pay for major social programs
fees for the support of government required to be paid by the people and businesses
when manufacturers of products decide what to produce, how much to produce and the price of the price of the product
taxes on foreign imported goods
complete control of a product or business by one person or group
a tax on the value of a companies profit(s)
Multiple company’s within the same market field agreeing to work together to eliminate competition
the group of firms that make and deliver a given set of goods or services
open to new behavior or opinions and willing to discard traditional values
loose association of businesses in a similar field or that make the same product and agree to limit supply to drive up prices
the extent to which competition prevails in particular markets