Business World

3. The general increase in prices and decrease in purchasing power over time.
5. Economy An economic system where supply and demand determine prices and production.
8. Economy An economy that combines elements of both private and government control.
9. Individuals or groups affected by a company’s actions, including employees, customers, and investors.
12. The total monetary value of all goods and services produced within a country’s borders.
13. A person who starts and manages a business, taking on financial risk.
14. An organization or entity engaged in commercial, industrial, or professional activities.
18. A decrease in the general price level of goods and services.
20. The practice of meeting present needs without compromising future resources.
21. The branch of economics that examines large-scale economic factors, such as national income and inflation.
22. A market structure in which a single company dominates an industry.
23. The total income generated from the sale of goods or services.
24. The desire and ability of consumers to purchase goods and services.
25. The financial gain made after subtracting expenses from revenue.
26. The social science concerned with the production, consumption, and transfer of wealth.

1. An economic system characterized by private ownership and competition.
2. Rate The percentage of the labor force that is jobless and actively seeking work.
4. The efficiency of production measured by output per unit of input.
6. The conduct of business processes on the internet.
7. The rivalry among businesses to attract customers and increase sales.
10. The amount of a good or service available in the market.
11. Competition A market structure where numerous small firms sell identical products, with no single seller controlling price.
15. Products Goods intended for personal use rather than business use.
16. Economy An economic system where the government controls production and pricing.
17. The study of economic decisions made by individuals and businesses.
19. Media Online platforms used for communication, networking, and marketing.
27. Price The price at which goods and services are sold based on supply and demand.