Business and Economics Crossword

1. A process or system which coordinates resource allocation for the production, distribution and consumption of goods and services within and across countries.
5. Selling goods or services to anther country for the proposes of trade.
7. Money individuals and businesses receive in exchange for work, production of goods and services, and as a return on investments.
8. A financial planning tool that gives an overview of income and expenses to plan for and achieve financial objectives.
12. Buying goods or services from another country for the purpose of trade.
14. A business organisation with a legal entity, separate and distinct from its owners (e.g it can enter into contracts, lend and borrow money, sue and be sued, hire employers, own assets and pay taxes).
15. The import (buying) and export (selling) of goods and services in the economy.
17. An exchange of goods, services or resources between buyers and sellers.
18. An intangible product that satisfies needs and wants (e.g education, communication, transportation, retail, recreation services).
19. Lump sum or regular payment individuals receive on retirement from income invested by the individual and their employer.
20. An organisation or enterprise engaged in producing or buying and selling goods and services, usually for profit.

2. Social Responsibility Consideration by businesspeople of the implications for and interests of stakeholders., society and the environment when making economic and business decisions.
3. Something that is essential for survival (e.g food, water, shelter).
4. The quantity of a good or amount of service a consumer is willing to purchase at a set price, with an increase in the price likely to decrease the demand, and vice versa.
6. A person or group that purchases or uses goods and services produced in an economy.
9. An individual or business involved in production of goods and services.
10. Physical resources such as equipment, machinery and buildings; and human resources such as intellectual property and knowledge used to produce goods and services (e.g. a farmer uses a tractor).
11. An innovative person who sets up a business to exploit market opportunities, and plans for and manages financial objectives, risks and rewards with the aim of being successful and profitable.
13. A good or service that is desired to provide satisfaction to a user, but which is not necessary for survival or to meet the basic standard of living in a community.
16. Plan A financial planning process used to retain a portion of income instead of spending it on the consumption of goods and services with the goal of building income or wealth over time.