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Economics Vocabulary

An organized association of workers, often in a trade or profession, formed to protect and further their rights and interests.
Authorization granted by a government/company to a group enabling them to carry out commercial activities.
Relating to manual work or workers, particularly in industry.
This exists when two or more partners unite to conduct a business in which one or more of the partners is liable only to the extent of the amount of money that partner has invested.
Negotiation of wages and other conditions of employment by an organized body of employees.
The maintenance and improvement of physical and mental health, especially through the provision of medical services.
Unskilled labor, takes no training. Skilled labor, requires education/training.
A refusal to work organized by a body of employees as a form of protest, typically in an attempt to gain a concession or concessions from their employer.
A cooperative society, business, or enterprise.
Relating to the work done or those who work in an office or other professional environment.
Intervention in a dispute in order to resolve it.
Simplest business form under which one can operate a business.
A sum of money paid regularly by a business.
A business or firm owned and run by two or more partners.
The state of not having a job.
A community/group of people authorized to act as a single entity.
Settling a dispute.
The goods/merchandise available to sell for a business.
A company not designed to make a profit.