Microeconomic Decision Makers - Firm
Across
- 2. total money obtained from sales (before any deductions).
- 4. the site/building that produces the product, a firm may have more than one.
- 7. a group of firms producing similar or same goods (eg: soft drinks industry - coca cola would be a firm in this industry).
- 8. small number of large companies control the supply in a market.
Down
- 1. 2 to 20 individuals jointly own a business and share the profits(solicitors).
- 3. revenue - costs (the money you are left over with after costs are deducted).
- 4. The company/business that owns one or more factories.
- 5. the money paid to produce/provide the service/product.
- 6. small group of large firms that work together to keep prices high & therefore keep all their profits high. Usually illegal.