Across
- 2. Ceilings;a legally established maximum price.
- 4. business owned by stockholders who share in its profits but are not personally responsible for its debts
- 6. Federal Reserve Bank:Central bank of the United States; Which conducts Monetary Policy
- 11. person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
- 12. (Resource) Market:Where you work to make your income: Restaurant, Factories, Retail Stores, Schools, Hospitals
- 13. market structure in which a few large firms dominate a market
- 15. work
- 18. Competition: a market structure in which many firms sell products that are similar but not identical
- 21. A plan for making and spending money
- 22. Competition:theoretical market structure characterized by a large number of well-informed independent buyers and sellers who exchange identical products and have freedom of entry and exit
- 23. Equipment, machinery, and Factories used in production
Down
- 1. money is:money backed by a government's decree that it be accepted as a means of payment.
- 3. Economy;An economy in which production is based on customs and traditions and economic roles are typically passed down from one generation to the next.
- 4. Poritas:All things being equal
- 5. Policy: Government policy that attempts to manage the economy by controlling taxing and spending.
- 6. that must be given up when one choice is made rather than another
- 7. Wants but limited resources
- 8. economy:economic system in which decisions on production and consumption of goods and services are based on voluntary exchange in markets
- 9. of exchange;used in transactions between individuals, businesses, financial institutions, & gov'ts
- 10. economy:an economy in which production, investment, prices, and incomes are determined centrally by a government.
- 14. Market:Where you purchase goods: McDonalds Restaurant, Walmart Store, Lowes Store, Belk's in the Mall etc.
- 16. cost:whatever must be given up to obtain some item
- 17. Economy:an economic system combining private and public enterprise.
- 19. of value:belief that money saved today will purchase a similar amount of goods/services in the future.
- 20. A market in which there are many buyers but only one seller.