Economics Vocabulary - Ashton Smith

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Across
  1. 3. Monopoly Exists as a result of the high fixed costs of operatives a business in a specific industry
  2. 7. The future sacrifices of economic benefits that the entity is obliges to make to other entities as a result of past transactions
  3. 8. A benefit workers get that come with their job
  4. 9. A marketable item produced to satisfy wants and needs
  5. 10. Agreement between two or more parties to limit open competition be deceiving, misleading, or even defrauding others of their legal rights
  6. 15. The process of a certain product or service form others to make it more attractive
  7. 16. A monopoly where a government agency/ corporation is the sole provider of a particular good or service and competition is prohibited by law
  8. 17. A government license that gives the holder exclusive rights to a process, design or a new invention for a designated period of time
  9. 19. A payment to an owner for the use of a property
  10. 20. An organization created from a formal agreement between a group of producers of a good or service to regulate supply in an effort to regulate or manipulate prices
Down
  1. 1. An agreement between owners on the same side in a market to buy or sell a product at a fixed price or maintain market conditions
  2. 2. A market structure in which a small number of firms has the large majority of market share
  3. 4. Municipal or local government laws that dictate how property can and can't be used
  4. 5. A sum of money paid regularly by a company to it's shareholders
  5. 6. A market structure making sure the five certain criteria are met
  6. 11. Any item of economic value owned by any individual or corporation, especially that could be converted to cash
  7. 12. A market structure characterized be a single seller, selling a unique product in the market
  8. 13. A type of license that a party acquires to allow them to have access to a business's proprietary knowledge
  9. 14. A type of security that signifies ownership on part of the corporations, assets, and earnings
  10. 18. A debt investment in which an investor loans money to corporations that borrow money for a period of time, most of the time with an interest