GR7 Business Fundamentals

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Across
  1. 2. any place where the sellers can meet with the buyers and where there is a potential for exchange to take place.
  2. 5. quantity of a good or a service that people are willing to buy and able to buy at given price for a given period of time.
  3. 6. (3)also called economic resources.
  4. 8. teaching,police,lawyer
  5. 9. man-made resources
  6. 12. Things that are compulsory to live or survive.
  7. 13. the selection between two or more.
  8. 14. quantity of a good or a service which producers are willing and able to offer at a given price for a given period.
  9. 15. car,laptop,apple,Daily packet
  10. 16. are individuals, groups that are affected by the activity of a business.
  11. 17. use of goods and services to satisfy human wants.
  12. 19. are resources those which take a long period of time to get replaced or
  13. 20. individuals prepared to take the risks of setting up business.
Down
  1. 1. (2)the next best alternative we forgo.
  2. 3. is the study of limited resources, their utilization, and how decisions are made in an effort to satisfy unlimited wants.
  3. 4. A Factor of production - Reward wages
  4. 7. medium of exchange
  5. 10. A Factor of production - all natural resources
  6. 11. – (2)the resources from nature that are used in production.
  7. 18. things that you would like to have but which are not a necessity to live