Created By: Hunter

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Across
  1. 2. is the quantity of a good or service that consumers and businesses are willing and able to buy at a given price in a given time period
  2. 4. it's the action of helping or doing work for someone.
  3. 6. The total sum of goods produced and services provided by a country in one year
  4. 11. it's a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity.
  5. 13. it's an economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses
  6. 14. They are products that are purchased for consumption by the average consumer
  7. 17. the level of wealth, comfort, material goods and necessities available to a certain socioeconomic class or a certain geographic area.
  8. 18. when your in the state of being in short supply; shortage.
  9. 19. this refers to the value or benefit a customer receives from the exchange
  10. 20. It's a person who purchases goods and services for personal use.
Down
  1. 1. These people take a risk that could potentially help or harm them in creating a business
  2. 3. an economic system combining private and public enterprise.
  3. 5. can relate to the amount available at a specific price or the amount available across a range of prices
  4. 7. also known as a command system, is an economic system where the government owns most of the factors of production and decides the allocation of resources and what products and services will be provided
  5. 8. this deals with the interaction of buyers and seller in market and explains how factors of production
  6. 9. it's the basic physical systems of a business or nation
  7. 10. it's a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods are offered for sale
  8. 12. It's a person, company, or country that makes, grows, or supplies goods or commodities for sale.
  9. 15. wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
  10. 16. It's an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth