EPF Unit 2 Vocab

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Across
  1. 1. any word, phrase, symbol, or design that identifies the source of a product or service and distinguishes it from competitors
  2. 3. the state of having a paid job or engaging in productive work
  3. 4. a legal form of intellectual property protection that grants the creator of an original work the exclusive right to use, reproduce, distribute, perform, and display that work
  4. 7. a government-granted property right that gives an inventor the exclusive legal authority to exclude others from making, using, or selling an invention for a limited period, in exchange for publicly disclosing how the invention works
  5. 10. a fixed price, charge, or payment made in exchange for a service, privilege, or professional labor
  6. 11. a collection of government statutes and regulations designed to promote fair, open competition in the marketplace.
  7. 13. a market situation where a single company or person is the only supplier of a good or service, without viable substitutes
Down
  1. 2. the actions taken by a nation's central bank (such as the Federal Reserve in the U.S.) to regulate the money supply, control interest rates, and manage inflation
  2. 5. autonomous government bodies established by legislative acts to set and enforce standards within specific sectors
  3. 6. the total monetary value of all finished goods and services produced within a country’s borders during a specific period
  4. 8. the use of government spending and taxation to influence a nation's economy
  5. 9. a mandatory financial charge collected by local, state, and national governments to fund public goods and services.
  6. 12. the total market value of all final goods and services produced by the residents and businesses of a country in a given year, regardless of their location