Econ

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Across
  1. 3. economy-people make the decsions
  2. 6. of SCARCITY we have to make decisions, which causes…..
  3. 7. money you have left after paying for business expenses (profit)
  4. 8. Growth- invest in new places of business, equipment advertising, and products.
  5. 11. Cost-The cost of the next-best alternative
  6. 13. there is no such thing as a free lunch
  7. 14. Competition- Market structure characterized by a large number of buyers and sellers who exchange identical products
  8. 16. of how people try to satisfy seemingly unlimited wants through the careful use of relatively scarce resources
  9. 18. firm that has at least four businesses each making unrelated products, and none responsible for a majority of its sales Multinationals merge - corporation that has manufacturing service operations in a number of different countries Corporations- LIMITED LiabilityGreater Financial Capital
  10. 19. Competition- Market structure is the market structure that has all the condition of perfect competition except for IDENTICAL PRODUCTS
Down
  1. 1. enterprise that is the only seller of a good or service.
  2. 2. who owns an unincorporated business by himself or herself( sole proprietorship)
  3. 3. economy -Electoral power
  4. 4. of Production- Land, Natural Resources,Capital (Tools, Equipment),Labor, Entrepreneurs
  5. 5. when individuals/businesses concentrate on a single activity or an area of expertise when producing a good/service.
  6. 9. Merger-When companies involved in different stages of manufacturing or marketing join together
  7. 10. that is jointly owned by two or more persons
  8. 12. -Market structure markets dominated by a small number of suppliers.
  9. 15. Condition that results from society not having enough resources to produce all the things people would like to have.
  10. 17. Economy-Central Authority makes THE DECISIONS