Economics: Key Terms

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Across
  1. 5. To obtain goods or a service by contract from an outside supplier.
  2. 6. The process of presenting your product/idea to your target audience in a manner that encourages interest.
  3. 7. A person or business that employs people.
  4. 8. A person who sets up a business and takes on financial risks in the hope of profit.
  5. 10. Relating to moral principles.
  6. 11. Something you wish to have but do not need for survival.
  7. 14. A crowded workplace with very poor, socially unacceptable or illegal working conditions.
  8. 15. Something you must have to survive.
Down
  1. 1. An estimate of income and expenditure for a set period of time.
  2. 2. A person who purchases goods and services.
  3. 3. A business driven by a social/environmental mission that typically reinvests profits into creating positive social change.
  4. 4. The process of determining the viability of a new service or product through research conducted directly with potential customers.
  5. 9. A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
  6. 12. An amount of money lost by a business or organisation.
  7. 13. A person employed for wages or salary to work in a business.