Jagger, Kierson, Aiden

2. an action or task that is performed, usually for a fee.
4. Economy, government makes all the economic decisions for its citizens.
8. Customers who purchase goods and services for their own use.
9. all the tools, equipment, and machinery used to produce goods or provide services.
11. science that examines how goods and services are produced, sold, and used.
13. people who start a new business or purchase an existing business.
16. the work performed by people in organizations.
18. the difference between the income earned and expenses incurred by a business during a specific period of time.
19. physical item that can be touched

1. anywhere buyers and sellers meet to buy and sell goods and services.
3. The activities involved in buying and selling goods on a large scale.
4. economic system where the economic resources are privately owned by individuals rather than the government.
5. Insurance, covers financial losses caused by the actions or negligence of a person or business.
6. the action taken by two or more businesses attempting to attract the same customers.
7. the term for all the activities involved in developing and exchanging products.
10. Laws, promote fair trade and competition among businesses.
12. individual or group who buys products.
14. anything that can be bought or sold.
15. Market structure with one business that has complete control of a market’s entire supply of goods or services.
17. describes the characteristics of a product that satisfy wants and needs.