Question

market price

non-profit organization

equilibrium price

labor union

specialization

interdependence

::

Happens when people focus on making just a few kinds of goods or services

special kind of business that do not try to make money for their own benefit

organizations that help workeers get better pay, benefits, and working conditions

Price set by buyers and sellers in a marketplace

A relationship in which all parties are dependent on one another

Where the supply of goods matches demand

Answer 1

Here are the terms matched to their definitions:

1. **Specialization**: Happens when people focus on making just a few kinds of goods or services.

2. **Non-profit organization**: Special kind of business that do not try to make money for their own benefit.

3. **Labor union**: Organizations that help workers get better pay, benefits, and working conditions.

4. **Market price**: Price set by buyers and sellers in a marketplace.

5. **Interdependence**: A relationship in which all parties are dependent on one another.

6. **Equilibrium price**: Where the supply of goods matches demand.