Across
- 6. It is used to refer to the investment that an entrepreneur puts into a new project or business (hence capitalism)
- 7. an amount by which a thing is won or falls short.
- 10. A term coined to describe the use of private capital to finance economic activity. Investors and entrepreneurs use their money to create businesses, hiring workers, renting property and buying equipment as needed. Any surplus, or profit, belongs to the entrepreneur or investors
- 12. offer tools, booking options, and information to travelers online. They include information on locations, rooms, flights, and activities
- 14. Individual who puts together the factors of production (labor, machinery, business) to found a new business.
- 16. IOUs issued by a borrower which normally promise repayment of the money on a set date (the maturity) with regular interest payments during the life of the bond.
- 19. goods and services sold to persons or business outside the country.
- 20. Return on investment (ROI) is calculated by dividing the profit earned on an investment by the cost of that investment
- 21. linked to people traveling to other locations, either domestically or internationally, for leisure, social, or business purposes
- 22. Gross domestic product The main measure of an economy’s size. GDP is calculated from the market value of all the finished goods and services within a country’s borders over a set period of time.
- 25. examines the effect of an event on the economy in a specified area, ranging from a single neighborhood to the entire globe
- 26. A balanced budget is when revenues are expected to match expenditure.
Down
- 1. A system, devised by Karl Marx, in which the state controls virtually all economic activity
- 2. The tendency for national economies to become integrated with each other, through the movement of goods and services, capital and people
- 3. refers to the recurring patterns of high and low demand that hotels experience throughout the year
- 4. In accounting, a statement of the assets and liabilities of a business. It must balance in the sense that assets equal liabilities.
- 5. The return for lending money, and the cost of borrowing it.
- 8. The monetary unit of a nation state, or group of states. Examples are the American dollar, the euro and the Japanese ye
- 9. Something that can be used to create economic value. An asset can be tangible, such as a building or machinery or intangible, such as a patent or a brand name.
- 11. a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
- 13. A catch-all term for the extension of loans to individuals, companies or organisations.
- 15. social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources.
- 17. Characteristics of a population, such as size or composition by age. Demographics and demographic change can have an effect on economic growth;
- 18. the contest between organizations that provide similar products or services or that target the same audience of consumers.
- 23. The cost of a good or service to the customer, which should be set by the balance of supply and demand
- 24. Goods and services acquired from outside the country.