Economic and Business Terms

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capitalism

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an economic system where trade and industry are controlled by private owners for profit, rather than by the government

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coinage

Back

the process of turning metal into coins

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corporation

Back

a company that is legally separate from its owners

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crop rotation

Back

the practice of planting a different crop each season to maintain soil health

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demand

Back

the amount of a good or service people want to buy

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dividend

Back

money distributed to shareholders in a company

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entrepreneur

Back

a person who takes the risk to organize resources to produce a new or better good or service in hopes of gaining a profit

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financier

Back

someone who helps fund organizations by investing and loaning large amounts of money

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free market

Back

an economy based on supply and demand, with little government intervention; also known as a market economy

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horizontal integration

Back

a business strategy in which a company expands its operations at the same stage of the supply chain in its industry