Chapter 17 Section 1 & 2 Vocabulary Words

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Across
  1. 4. An economic system in which the productive resources are owned by private citizens.
  2. 5. Shares of ownership.
  3. 10. Person who organizes, manages, and assumes the risks of a business.
  4. 11. People who buy corporate stocks.
  5. 12. Manufactured goods used to make other goods and services.
  6. 14. Business owners may operate however they see fit, with little direction or interference from the government.
  7. 15. Human effort, skills, and abilities used to produce goods and services.
  8. 16. The money a business has left after it has paid its expenses.
  9. 17. States that businesses will produce more products when they sell them at higher prices and fewer products when the prices are low.
  10. 18. A company is called this when it is the only company selling a product.
Down
  1. 1. Corporate profits paid to stockholders.
  2. 2. A business in which two or more people share the responsibilities, costs, profits, and losses.
  3. 3. Business organizations that provide goods and services without seeking to earn a profit for stockholders.
  4. 6. A type of business that is recognized as a separate legal entity.
  5. 7. The right to buy and sell goods as you want.
  6. 8. When economic decisions are made by people looking out for their own best interests.
  7. 9. States that buyers will demand a greater quantity of a good when its price is low.
  8. 13. Occurs when there are not enough resources to meet people's wants.