L8 Flashcards
1
Q
competition
A
an event or contest in which people compete.
2
Q
consumer
A
a person who purchases goods and services for personal use.
3
Q
efficiency
A
the state or quality of being efficient
4
Q
monopoly
A
the exclusive possession or control of the supply of or trade in a commodity or service
5
Q
mortgage
A
the exclusive possession or control of the supply of or trade in a commodity or service
6
Q
stockholder
A
a person who owns stock in a company
7
Q
volatility
A
liability to change rapidly and unpredictably, especially for the worse
8
Q
yield
A
produce or provide (a natural, agricultural, or industrial product)
