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24807, Econonic Changes Which Includes recession- A decline in economic activity., franchise- contractual agreement o use the name and ell the goods or services f an existing company. which Includes Corporation- A business treated by law as separate from its owners., Needs and Wants Which Includes Profit- The amount of money left over after a business has paid for the cost of producing its goods and services., Economic Resources Which Includes entrepreneurial resources- The initiave to improve goods and services., Buisiness Ownership and Operation which Includes limited liability- inancial responsibility f business owners nly for what they invested in a business., franchise- contractual agreement o use the name and ell the goods or services f an existing company. which Includes limited liability- inancial responsibility f business owners nly for what they invested in a business., Buisiness Ownership and Operation which Includes Stock- Shares of ownership in corporation., Econonic Changes Which Includes inflation- A general increase in the cost of goods and services., franchise- contractual agreement o use the name and ell the goods or services f an existing company. which Includes producer- A business that gathers raw products in their natural state., What is business? Has Entreprenurship and Small Business