Across
- 1. Competition known as perfect competition
- 2. capital, labor and land assets used in production operations
- 5. business action of two or more companies
- 7. few sellers
- 9. lies between capitalism and communism
- 10. organization which employs resources in order to produce a good or service
- 11. mutual dependence
- 12. prohibits the private ownership or management of resources
Down
- 1. Competition when marketers compete on the basis of price
- 3. marketing system in which flexible prices are a necessity
- 4. Competition market structure where many firms compete against each other
- 6. industry with only one firm producing the product,
- 8. of or exhibiting similar features
- 10. Enterprise freedom of private businesses to operate in a competitive manner for profit