Across
- 4. all goods and factors of production in an economy are distributed
- 5. a legal entity separate from its owners
- 7. all naturally occurring resources as well as geographic land
- 9. people who fill a position for a short period of time
- 11. share in the ownership of a company
- 13. the activity or condition of competing
- 14. means of distribution should be regulated by the community as a whole
- 16. a political theory derived from Karl Marx
- 17. individuals who engage in hard manual labor
- 20. an arrangement whereby a place of employment requires current membership in a specific union as a condition of employment
- 21. a single producer that excludes competition from providing the same product
- 23. working people, through their unions, negotiate contracts with their employers to determine their terms of employment
- 24. the state of being scarce or in short supply
- 25. man-made goods that assist in the production process
- 27. persons or positions where a level of basic knowledge, experience, or training
- 29. requires the highest levels of education and training
- 33. the loss of potential gain from other alternatives when one alternative is chosen
- 37. tradeoff governments face in spending on national defense or on domestic programs
- 38. a mechanism for resolving disputes between investors and brokers
- 40. work, especially hard physical work
- 41. individuals who work in jobs that require like college degrees and advanced degrees
- 42. the only provider of a product in an geographic location
- 43. when the price of a product goes up, the quantity demanded will go down
Down
- 1. defined by office jobs and management, and not "getting their hands dirty."
- 2. a union founded in 1869
- 3. a loose amalgamation of skilled craft unions
- 6. country's trade and industry for profit
- 8. items that satisfy human wants, provide utility or usefulness and are scarce
- 10. the intervention of a third person, or mediator, into a dispute to assist the parties
- 12. a small number of firms that control the market
- 15. collective refusal by employees to work under the conditions required by employer
- 18. rely on habit,custom or,rituals
- 19. a workforce segment associated with a limited skill set
- 21. use of taxation to redistribute wealth
- 22. the business practice of hiring a party outside a company to perform services
- 26. factors that can prevent newcomers into a market
- 28. requires (something) because it is essential or very important
- 30. gives workers the freedom to choose whether or not to join a labor union in the workplace
- 31. A business that employs workers without regard to union membership
- 32. the economic value of a worker's experience and skills
- 34. have a desire to possess or do (something)Scarcity
- 35. the government grant of monopoly on an invention for a limited amount of time
- 36. Government owns both land and capital
- 39. a financial gain