Business

4. - Is the rivalry among companies that offer similar products.
8. and production - Refers to how resources are allocated to the production of goods and services.
9. Change - invention, improvement, and diffusion of technologies.
12. - How we can be better and different.
13. - An amount of money required to pay for a good and service.
14. Economy - An economic system is which the price of products is determined. Buyers and sellers.
16. and services - Both are used by consumers. One is physical and the other is an action.
17. - Is the process of creating a new business.

1. - Is a person who produces and sells products to the consumers.
2. - The equipment to make the products, E.g. The product or the building.
3. trends - Are the business changes expected to continue to grow within couple of years.
5. - The inputs used in production of goods and services to meet human needs and wants.
6. - Is the voluntary exchange between consumers and producers. Consumers obtain good and producers make more profit.
7. - A person who buys goods and services for their personal use.
10. - Natural raw materials, E.g. water, gas, soil.
11. - Is the ability to conceive or develop new products and services.
13. - The person who makes the products or sells them to a consumer.
15. - People who produce the materials or the products they are selling, EG. an ice-cream maker.