Economic Business Crosswod

3. Using new technology, materials or processes to improve on existing products, or on how they are produced and distributed
5. When the quantity supplied and quantity demanded are equal
7. Businesses rely on many other businesses in order to keep going and businesses need one another
9. An item that can be seen or touched
12. Means through which goods and services are made available to consumers
18. People that work to produce goods and services in a business
19. Decrease in Investments, income, employment, prices and profits
20. An item that is necessary for survival
23. A combination of consumers, businesses and government make the decisions
24. An item that is not necessary for survival but adds pleasure and comfort
25. An individual or business that makes a product

1. Cannot be perceived by touch (emotions)
2. Equipment, building, money, that is used to produce goods and services
4. Those raw materials that we get from earth, water and air
6. Consumers demand certain products and producers find the most efficient method of producing goods
8. A person who uses goods or services
10. An item which can be seen or touched but is not necessary for survival
11. The government decides to focus on producing military goods or food, and decides who gets them
13. Goods which as a result of changed conditions, may replace each other in use or consumption.
14. Goods that are used together
15. Assistance provided usually in return for payment, that satisfies needs and wants of people of businesses but that does not result in a product that can be touched
16. Decisions that are made based on the past
17. State of the economy where there are large unemployment rates, a decrease in income, and standard of living decreases
21. A product or service that consumers no longer want because it has become outdated or outmoded or has been replaced by a new or improved product
22. An item that can be seen or touched and is essential for survival