Economics Matching
| A business organization owned by two or more individuals who agree on a specific division of responsibilities and profits |
| A market in which goods are sold illegally |
| a minimum price that an employer can pay a worker for an hour of labor |
| the financial and opportunity costs consumers pay when searching for a good or service |
| A system of allocating scarce goods and services using criteria other than price |
| a sudden shortage of a good |
| situation in which quantity demanded is greater than quantity supplied; excess demand |
| any price or quantity that is not at equilibrium |
| situation in which quantity supplied is greater than quantity demanded; excess supply |
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