2.2

1. marketing strategy "in which one firm tries to distinguish its product or service from competing products on the basis of attributes
3. that you seek your own personal gain.
5. a rise in the price of any good
6. a central institution in the functioning of any economic system
8. the marketplace where final goods or services are sold to businesses and the public sector.
10. a science of wealth
12. two products which are substantially similar are judged by prospective consumers on their respective pricing
13. an unregulated system of economic exchange

2. the economic power exercised by the preferences of consumers in a free market.
4. a method of production whereby an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency.
7. a situation in a market in which firms or sellers independently strive for the patronage of buyers in order to achieve a particular business objective, e.g., profits, sales and/or market share.
9. a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities.
11. a person or a group of people living in the same residence.
13. where factors of production are bought and sold