Applied Economics
Across
- 2. is the art of turning an item ideas a buisness
- 7. the desire for non essential items
- 8. is a system that combines characteristics of market, command, and traditional economies.
- 13. it is a form of market in which there are large numbers of sellers selling differential product which is simillar in but not homogenous
- 14. a mandotory financial changes or some otjer type of too levy imposed upon a tax payer by a governmental oragnization in order to fund various public expenditures
- 15. is when good is scarce compare to its demand
- 16. is when supply is limited
- 19. this refers to the minimum amount of remuneration that an employer is required to pay wage earn for the work perform during a given period
- 20. the processed material, equipment, and buildings used in production
- 23. A situation where for a particular good supply = demand.
- 24. application of economic theory to determine the likely outcomes associated with various possible courses of action in the real world.
- 29. means single in greek
- 32. resources came from nature that ate used in production
- 33. occurs when demand is greater than supply
- 36. physical and human effort exerted in production
- 38. is a market situation in which there are fer(more that two)seller.
- 39. business take loan to fund capital project and expand thier operation by purchasing fixed and long term assest.
- 40. is the reason why people practice economics
- 42. the limited nature of resources
- 43. an economy in which production, investment, prices, and incomes are determined centrally by a government.
- 47. quantities of particular good or services consumers are willing and able to buy at different possible prices
- 48. a person who purchases goods and services for personal use:
- 50. this law establishes a minimum amount that an employer can pay a worker for one day of labor
- 51. is a system in which the development and distribution of goods and services are determined by customs, traditions, and time-honored beliefs.
Down
- 1. the calculations businesses perform to understand the impact marketing activities have on brand recognition, market position and product and service sales.
- 3. a person who sells something
- 4. is a process and it exist when a group of buyer and seller communicate and exchange goods and services
- 5. it describe how price affect producers
- 6. is a market structure in which large number of sellers sell a homogenous product at a uniform price
- 9. the effort of people involved in production
- 10. an article or substance that is manufactured or refined for sale:
- 11. refers to the value of best alternative
- 12. any economic market that does not meet the rigorous assumptions of a hypothetical perfectly competitive market
- 17. firm is one that producers the entire market supply of a particular good or services
- 18. is a social science that involves the use of scarce resources to satisgy unlimited wants
- 21. a property from which the owner recieves payment from the occupant, known as tenants, in return for occupying or using the properly
- 22. the problem of having unlimited wants but limited resources
- 25. soil and natural resources that are found in nature
- 26. the amount of production what is offered for sales at all possible prices
- 27. is an asset or item acquired with the goal of generating income or appreciation
- 28. the amount of money expected, required, or given in payment for something
- 30. when income goes up consumers bbuy more, and less when income when goes down
- 31. the essentials of life such as food and shelter
- 34. studies the decisions and choices of the individual units and how these decisions affect the price of good in the market
- 35. the greek word for many
- 37. it describe how prices affect consumers
- 41. man-made resources used in the production of goods and services which include machinaries and equipment
- 44. describe economics as a study of mankind in the ordinary buisness life
- 45. is a division of economics that is concerned with the performance of the entire economy
- 46. assemble and then intergrate all the resources needed the money,the people,the buisness model,and the strategy
- 49. it a market situation in which there are two sellers of a commodity