business part 3

final exams

10 cards·by angelfood17

compensation

pay and benifits a company offers for a job training

mortgage

property put up for a loan

interest

a fee charged for the use of money

bank account

record of how much money a person has put into and taken out of a bank

subsidies

payments the government gives to businesses to make up for their business losses

monopoly

control of an entire industry by one country

patent

legal grant for the sole right to own an invention

trademark

a legally protected brand name

copy right

legal grant for the sole right to own a creative property

scarcity

shortage of economic resources