Econ and business
Across
- 2. ________ goods are used in the production of other goods
- 3. the growing interconnection of the world's economies
- 4. __________ income is the income remaining after income taxes are paid
- 6. the money a business receives from selling its products
- 9. ____________ goods are goods that experience higher demand when incomes rise
- 11. goods and services that are sold overseas
- 13. when a country moves from primarily an agricultural society to a manufacturing one
- 14. when an individual, business, or region produces only a limited range of goods
- 15. a good or service that is essential for human life
- 16. someone who takes risks to set up a profitable business
- 17. ___________ companies are companies that operate in many different countries
- 20. when a business gets control of another company by buying at least 50% of its shares
- 21. occurs when there are unlimited wants but resources are finite
Down
- 1. when the value of a currency rises
- 2. rivalry that exists between firms when trying to sell goods to the same group of customers
- 5. the quantity of goods and services that consumers are able and willing to buy at each given price
- 7. when the GDP of an economy is falling rather than rising
- 8. when general price levels in the economy are rising
- 10. ____________ a loan for buying a house
- 12. when there are lots of paperwork and rules to follow which will slow down decision-making in large organisations
- 17. a situation where there is only one dominant business in the market
- 18. income __________ is when there is a large difference in incomes between different groups of society
- 19. _________ rate is the price paid to lenders for borrowed money