CONSUMER,PRODUCER AND MARKET EFFICIENCY

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Across
  1. 1. - individual or organization that purchases goods or services from a business.
  2. 6. - consumer categorized on bying habits and preferences
  3. 10. - someone who actively seeks out deals, discounts, and lower prices on goods and services.
  4. 11. - describes the limited availability of resources in relation to unlimited wants.
  5. 14. - something that induces a person to act
  6. 15. - refers to how often a customer makes a purchase from a particular business or for a specific product or service.
  7. 17. - difference between the maximum price a consumer is willing to pay for a good and the actual price they pay.
  8. 20. - system where the prices of goods and services are determined by supply and demand, with minimal government intervention.
  9. 21. - is an individual who demands goods and services for personal use and not for resale.
  10. 22. the rise of online shopping and digital transactions,consumers are increasingly at risk of identity theft and data breaches.
  11. 23. -Inflation and economic uncertainties can make it difficult for
  12. 24. - refers to the optimal use of resources to produce the maximum output with the least amount of waste.
  13. 25. - elve into the psychological aspects of a population, offering insights into their motivations, values, beliefs, and lifestyles.
  14. 26. - people wants easy access on the internet rather than the traditional shopping.
  15. 27. increase in the genral level of prices
Down
  1. 1. - It reflects the value a consumer places on that product or service, considering factors like perceived benefits, affordability, and availability of alternatives.
  2. 2. - refers to the fair and just treatment of all individuals, regardless of their differences.
  3. 3. - a group of buyers and sellers
  4. 4. - statistical characteristics of a population, used to understand and describe its composition.
  5. 5. - is a strong preference for a particular brand over its competitors, leading to repeat purchases and advocacy for the brand.
  6. 7. - customers who make purchasing decisions primarily based on their essential needs rather than wants or desires.
  7. 8. - a curve that shows the short- run tradeoff between inflation and unemployment.
  8. 9. - allocates resources through the decentralized decisions of many households and firms as they interact in markets.
  9. 12. - branch of economics that studies how the allocation of resources affects the well-being of individuals in a society.
  10. 13. -Shoppers browsing products and services with no specific purchasing goal in place.
  11. 16. to afford basic necessities and maintain their desired lifestyle.
  12. 18. - refer to fairness, ownership, or financial value.
  13. 19. - the impact of one person's actions on the well-being of a bystander
  14. 20. whatever must be given up to obtain some item
  15. 21. - refers to a company's ability to influence the price of a good or service in the marketplace by manipulating supply, demand, or both.