Econ and business

2. ________ goods are used in the production of other goods
3. the growing interconnection of the world's economies
4. __________ income is the income remaining after income taxes are paid
6. the money a business receives from selling its products
9. ____________ goods are goods that experience higher demand when incomes rise
11. goods and services that are sold overseas
13. when a country moves from primarily an agricultural society to a manufacturing one
14. when an individual, business, or region produces only a limited range of goods
15. a good or service that is essential for human life
16. someone who takes risks to set up a profitable business
17. ___________ companies are companies that operate in many different countries
20. when a business gets control of another company by buying at least 50% of its shares
21. occurs when there are unlimited wants but resources are finite

1. when the value of a currency rises
2. rivalry that exists between firms when trying to sell goods to the same group of customers
5. the quantity of goods and services that consumers are able and willing to buy at each given price
7. when the GDP of an economy is falling rather than rising
8. when general price levels in the economy are rising
10. ____________ a loan for buying a house
12. when there are lots of paperwork and rules to follow which will slow down decision-making in large organisations
17. a situation where there is only one dominant business in the market
18. income __________ is when there is a large difference in incomes between different groups of society
19. _________ rate is the price paid to lenders for borrowed money