Business Crossword

2. private ownership and management of businesses and resources
3. amount of a product consumers are willing and able to purchase at given prices during a certain period
5. amount of a product producers are willing and able to sell at various prices during a specific period
6. theories, principles and models which deal with the production, distribution and consumption of goods and services
7. occurs when a product is demanded more than the quantity supplied or produced
9. perfect balance of where the quantity of a product demanded by consumers is equal to the quantity of a product supplied by producers; intersection point where the demand curve meets the supply curve
11. relationship between the available quantity of a product and the want or need of a product
12. all assets owned by individuals or businesses
13. study of individual economic activity

1. way a society produces and distributes goods and services
3. quantity of a product demanded by consumers is unequal to the quantity of a product supplied by producers
4. study of the economy as a whole
8. French term translating to “let do”; economic concept which states there should be no government interference in the economy
10. occurs when a product is supplied or produced more than the quantity demanded