Economics Tic Tac Toe

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Across
  1. 1. an industry in which many firms offer products or services that are similar (but not perfect) substitutes
  2. 3. exists in a particular market if a single firm can serve that market at lower cost than any combination of two or more firms
  3. 5. depicts how firms are differentiated and categorised based on the types of goods they sell
  4. 7. the simplest and most common structure chosen to start a business
  5. 9. egal status where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or partnership
  6. 10. the current price at which an asset or service can be bought or sold.
  7. 11. a complementary good is a good whose appeal increases with the popularity of its complement
  8. 12. composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange.
  9. 15. a final product ready for sale that is used by the consumer to satisfy current wants or needs,
  10. 16. a graphic representation of the relationship between product price and the quantity of the product demanded
  11. 18. situation where there is a single seller in the market
Down
  1. 2. a model of the economy in which the major exchanges are represented as flows of money, goods and services
  2. 4. an arrangement between two or more people to oversee business operations and share its profits and liabilities.
  3. 6. also known as an atomistic market, is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition
  4. 7. the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual.
  5. 8. market characterized by a small number of firms who realize they are interdependent in their pricing and output policies.
  6. 13. a security that represents the ownership of a fraction of a corporation
  7. 14. economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good
  8. 16. factors that cause fluctuations in the economic demand for a product or a service.
  9. 17. the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace