Across
- 1. The freedom of individuals and businesses to regulation.
- 4. Process of breaking up a task or job into smaller tasks.
- 9. Legal proceeding involving a person or business that is unable to repay their outstanding debts
- 10. Physical, mental, and social effort used to produce goods and services in an economy.
- 13. An individual who creates a new business.
- 14. Something needed to survive.
- 17. the theory that spending money and consuming goods is good for the economy.
- 18. The amount of an individual's income that is left for spending, investing, or saving after taxes.
- 23. Businesses earn ______ from selling goods or services above their cost of production.
- 25. Storage of resources.
- 26. An economic system in which private individuals or businesses own capital goods.
- 27. the intent to achieve a gain in a project, transaction, or material endeavor.
- 28. The price of producing one additional unit of a good.
Down
- 2. Raw materials found in nature that can be used for economic production or consumption
- 3. The study of a national economy as a whole.
- 5. The marketplace where final goods or services are sold to businesses.
- 6. Common _______ include payments to suppliers, employee wages, and factory leases.
- 7. Something that people desire to have.
- 8. The study of economics at an individual, group, or company level.
- 11. The organization has a large annual ______ that they are allowed to spend every year.
- 12. The state of being able to create at a high quality and quick speed.
- 15. The amount of money that an individual has to spend or save after income taxes have been deducted.
- 16. A place where production factors are purchased and sold.
- 19. The study of how society uses its limited resources.
- 20. An increase in the price of a good or service will decrease the quantity ______.
- 21. The ability to compete fairly and successfully in markets for traded goods and services.
- 22. The buying of goods without planning to do so in advance
- 24. Human-created assets that can enhance one's power to perform economically useful work.
