Across
- 3. quantity supplied is greater than the quantity demanded
- 6. type of business owned by many people
- 8. rivalry among producers or sellers of similar goods and services to win more business
- 9. quantity demanded is greater than the quantity supplied
- 10. economic system in which private individuals own the factors of production
- 12. extra supply of items used in a business
- 13. condition of not being able to have all of the goods and services one wants
Down
- 1. the price at which the amount demanded is equal to the amount supplied
- 2. all items to which a business or household owns
- 4. business that two or more parties own and operate
- 5. human effort directed toward producing goods and services
- 7. share of ownership in a corporation
- 10. previously manufactured goods used to produce other goods and services
- 11. the right to use franchisers name and sell its products