Across
- 3. the state of being scarce or in short supply
- 4. A proportional part or share; the share or proportion assigned to each in a division
- 6. a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
- 7. the relationship between two or more people to do trade or business
- 8. the loss of potential gain from other alternatives when one alternative is chosen.
- 12. someone who owns an unincorporated business by himself or herself
- 13. an amount of something left over when requirements have been met; an excess of production or supply over demand.
- 14. the additional benefit arising from a unit increase in a particular activity.
- 15. the cost added by producing one additional unit of a product or service.
Down
- 1. land, labor, capital, and entrepreneurship.
- 2. the data can be manipulated to observe how scarcity, growth, inefficiency, efficiency, and other factors can affect production.
- 3. unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.
- 5. a state or situation in which something needed cannot be obtained in sufficient amounts.
- 9. a tax or duty to be paid on a particular class of imports or exports
- 10. a state of balance between opposing forces
- 11. the unemployment which exists in any economy due to people being in the process of moving from one job to another.