Competition

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Across
  1. 4. Economic system where you can start any kind of business you want.
  2. 7. This is what we want and it requires 5 conditions.
  3. 9. A product or service that can be easily replaced.
  4. 12. Economic system where the government controls the 4 factors.
  5. 15. pricing fixing is impossible because of this.
  6. 16. When there is only one seller
  7. 17. Many buyers and many sellers.
  8. 18. Airlines and phone carriers are examples of this.
  9. 19. Ways companies compete with their products.
Down
  1. 1. Things like healthcare and utilities are controlled by the government.
  2. 2. Competition that is decided by customer service
  3. 3. Heavily competitive industries, such as Fast Food.
  4. 5. Inventory available
  5. 6. Easily obtainable information.
  6. 8. Easy to get into a market and easy to get out.
  7. 10. When demand for a product exceeds the supply
  8. 11. Economic system that has always operated the same way.
  9. 13. Economic system that is associated to capitalism
  10. 14. Products and services must be similar.