Business Basics

2. A business owned and managed by its members who also use its services.
4. A system where the government controls production and resources.
7. A type of business that collects or extracts natural resources.
9. The person who takes a risk to start a business.
11. The business form that protects personal assets from company debt.
12. The wealth and resources of a country, especially related to production and consumption.
15. Pennsylvania’s largest urban business hub in the east.
16. Businesses that make up over 90% of Pennsylvania’s economy.

1. A business that produces goods using machines, raw materials, and labor.
3. An economy where supply and demand determine production and pricing.
5. A business that sells goods directly to the customer.
6. A company that performs a service rather than sells goods.
8. The person or group that ultimately buys the product for use.
10. A business owned by two or more people.
13. A system in which the government has little control and private individuals own the means of production.
14. A combination of command and market economic systems.