Business Chapter 1 Schmidt

12345678910111213141516171819
Across
  1. 3. the resources used to produce goods and services
  2. 4. the political system that allows for a centrally planned economy
  3. 6. an organized effort by a group of people to sell a good or service that society wants and needs for a profit
  4. 12. the money, equipment and facilities used in the operation of a business
  5. 13. the system of business in which individuals are free to decide what to produce how to produce it and what price to sell it for
  6. 14. person who risks time, effort, and money to start and operate a business
  7. 16. the ability to maintain or imporove standards of living without damaging or depleting natural resources
  8. 17. how a country creates and distributes wealth
  9. 18. type of economic system in which the government decides what goods and services will be produced and how they will be produced, priced and distributed
  10. 19. the money left over after the business pays all expenses
Down
  1. 1. an economic system in which the government may own some key sectors of the economy to make their distribution more equitable
  2. 2. the study of the national economy and the global economy
  3. 5. economy theory create by Adam Smith to explain how the market balances itself
  4. 7. online interaction that allows people and businesses to communicate and share ideas
  5. 8. the time and effort used to produce goods and services
  6. 9. economic system in which individuals own and operate the goods and services
  7. 10. type of economic system the USA has
  8. 11. the money a business receives from sales
  9. 15. the study of decisions made by individuals and businesses