Unit 1 - Intro to Bus

This type of business is owned by two or more people.

This type of business is owned by many people called stockholders or shareholders.

The amount of a good consumers are willing to pay at each possible price is called..

The inability to satisfy all wants at the same time because resources and goods are limited is called...

A characteristic of an entrepreneur wherein they do not pass the blame and ready for the results of their decisions and actions.

When demand increases, prices ...

Nike, Apple, Amazon are examples of ...