Across
- 4. The money a company earns from providing services or selling goods to customers.
- 7. Of Living: A country’s output of goods and services that people can buy with the money they have.
- 9. The amount of goods and services one worker can produce.
- 10. Expenses incurred in creating and selling goods and services.
- 11. Organization: An organization that exists to achieve some goal other than the usual business goal of profit.
- 12. The inputs, such as tools, machinery, equipment, and buildings, used to produce goods and services and get them to the customer.
- 17. Boomers: Americans born between 1946 and 1964.
- 18. The application of science and engineering skills and knowledge to solve production and organizational problems.
- 19. The potential to lose time and money or otherwise not be able to accomplish an organization’s goals.
- 21. An economic system based on competition in the marketplace and private ownership of the factors of production (resources); also known as the private enterprise system.
- 22. Workers: Workers who create, distribute, and apply knowledge.
- 25. Tangible items manufactured by businesses.
- 26. An economic system in which the basic industries are owned either by the government itself or by the private sector under strong government control.
- 27. Domestic Product (GDP): The total market value of all final goods and services produced within a nation’s borders in a year.
- 29. Resources: Commodities that are useful inputs in their natural state.
Down
- 1. Economies: Economies that combine several economic systems; for example, an economy where the government owns certain industries but others are owned by
- 2. private sector.
- 3. Y: Americans born between about 1977 and 1997.
- 5. Goods and services sold outside a firm’s domestic market.
- 6. People who combine the inputs of natural resources, labor, and capital to produce goods or services with the intention of making a profit or accomplishing a not-for-profit goal.
- 8. The study of people’s vital statistics, such as their age, gender, race and ethnicity, and location.
- 13. X: Americans born between 1964 and about 1977.
- 14. The combined talents and skills of the workforce.
- 15. The money left over after all costs are paid.
- 16. An economic system characterized by government ownership of virtually all resources, government control of all markets, and economic decision making by central-government planning.
- 17. An organization that strives for a profit by providing goods and services desired by its customers.
- 20. Intangible offerings of businesses that can’t be held, touched, or stored.
- 21. Lifestyle: A lifestyle made up of a complex set of interests, needs, and choices.
- 23. Systems: Combination of policies, laws, and choices made by its government to determine what goods and services are produced and how they are allocated.
- 24. Of Production: The resources used to create goods and services.
- 28. Of Life: The general level of human happiness based on such things as life expectancy, educational standards, health, sanitation, and leisure time.
- 30. Economic contributions of people.