2-1 through 2-5 Economic and Private Enterprise

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Across
  1. 4. A measure of the sensitivity or responsiveness of demand or supply of a good or service based on changes in economics factors
  2. 6. The total market value of all final goods and services an economy produces in a period of time within a country's borders
  3. 7. An economic system where companies are privately-owned
  4. 8. To categorize, sort, and transport goods to all their final destinations
  5. 11. This occurs when the quantity supplied exceeds the quantity demanded
  6. 13. One who actually uses the product or service
  7. 14. A market where on company controls the supply of a good or service
  8. 16. Reducing the amount of money spend in order to save money
  9. 18. Occurs when a country experiences temporary economic decline
  10. 19. This occurs when the quantity demanded exceeds the quantity supplied
  11. 20. An entity that manufactures a product or provides a service
Down
  1. 1. The amount of goods and services produced per unit of input
  2. 2. The increase in the general level of prices in an economy
  3. 3. The rivalry between companies selling similar products and services
  4. 5. A momentary state or condition where the quantity of a product supplied equals the quantity demanded for the same product
  5. 7. The using of goods and services by people or by the economy in general
  6. 9. Something that can be touched, and/or perceived by one or more of the other senses
  7. 10. All the components needed for production
  8. 12. The reality that people's wants always exceed the resources available
  9. 15. The ability to be moved from one person or place to another
  10. 17. The decrease in the general level of prices in an economy