More Social Points

Proprietorship- a buiseness that is owned by only one person

Corporation- an aggregate of people that acts as a single unit, with a single voice.
ie. The Romans

Aggregate- a mass of seperate things/people joined together/associated

Equity- the amount of mony left over after a buiseness pays all that it owes

Laissez-Faire Economics- The economic philosophy which states that government should not intervene with buiseness in a market economy

Boom and Bust Cycle- the buiseness cycle in a market economy which relates to to periods of economic recession or depression

Consumerism- economic policies or practices that place an emphasis on consumption