Applied Economics

4. the study of genes and inheritance in a living organisms
6. is the capability of a company to sustain or improve its performance in terms of profitability or efficiency when its sales increases
7. An activity involving two or more firms, in which each firm tries to get people to buy its own goods in preference to the other firm's goods.
9. service indutries or providing essential services support to allow other levels of industry to function
12. the idea upon which it is built. business creates its own plan to expand its economic growth
14. practices designed to create the long-term economic development of a company or nation while also managing the environmental, social, and cultural aspects of its activities.
15. is the image that a business must have of its aims and goals before it sets out to reach them.
17. a stage where the business reaches the point for expansion and seeks additional options to generate more profit
18. a business is a system in which all parts contribute to the success or failures of the whole business
19. making or converting raw materials inro aa usable products through processing and manufacturing.
20. is a macroeconomic term that refers to a significant decline in general economic activity in a designated region

1. the amount of a lender charges for the use of assets expressed as a percentage of the principal
2. A business is the fruit of a higher aim in the mind of the person who concieved it
3. people who buy or use goods and services to satisfy their wants.
5. It is the value of a country's currency against the currency of other. countries or economic zone.
8. is the ability of a business to earn a profit.
10. refers to an economic activity that involves collecting, extracting or harvesting natural resources.
11. an entity that provides goods and services to another organization. This entity is part of the supply chain of a business, which may provide the bulk of the value contained within its products.
13. A business is not part of the owners life, but in fact its own entity.
16. a business creates a standard againts which all businesses are mesured againts which all businesses are measured as either succesful or not.