Economics Unit 2 Vocab

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Across
  1. 2. A market dominated by a single company/seller
  2. 3. A type of business owned by shareholders with limited liability
  3. 4. People who consume goods and services
  4. 8. A type of business owned by one person
  5. 11. A type of business owned and managed by two or more people
  6. 13. A type of market where factors of production are bought & sold
  7. 14. When demand exceeds supply for a product
Down
  1. 1. A type of competition in a market with many companies selling similar but not identical products
  2. 5. A market dominated by a few large firms
  3. 6. A price at which supply meets demand
  4. 7. A type of market where goods and services are bought & sold
  5. 9. Companies that produce goods or provide services
  6. 10. Factors that influence supply and demand
  7. 11. A type of competition in which a market with many companies selling identical products
  8. 12. When supply exceeds demands for a product