Competition and Free Enterprise

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Across
  1. 1. Competition known as perfect competition
  2. 2. capital, labor and land assets used in production operations
  3. 5. business action of two or more companies
  4. 7. few sellers
  5. 9. lies between capitalism and communism
  6. 10. organization which employs resources in order to produce a good or service
  7. 11. mutual dependence
  8. 12. prohibits the private ownership or management of resources
Down
  1. 1. Competition when marketers compete on the basis of price
  2. 3. marketing system in which flexible prices are a necessity
  3. 4. Competition market structure where many firms compete against each other
  4. 6. industry with only one firm producing the product,
  5. 8. of or exhibiting similar features
  6. 10. Enterprise freedom of private businesses to operate in a competitive manner for profit