Economics Vocabulary - Ashton Smith

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Across
  1. 5. the future sacrifices of economic benefits that the entity is obliged to make to another entity as a result of past transactions
  2. 10. market structure making sure the five criteria are met
  3. 12. A benefit workers get that come with their job
  4. 15. agreement between two or more parties to limit open competition by deceiving, misleading or defrauding others of their legal rights
  5. 17. Municipal or local governments laws that dictate how property can and can't be used
  6. 19. a market structure in which a small number of firms have a large majority of market share
  7. 20. an organization created from a formal agreement between a group of producers of a good or service to regulate supply in an effort to regulate or manipulate prices
Down
  1. 1. a government license that gives the holder exclusive rights to a process, design or a new invention for a designated period of time
  2. 2. a payment to an owner for the use of property
  3. 3. A sum of money paid regularly by a company to it's shareholders
  4. 4. a type of license that a party acquires to allow them to have access to a businesses proprietary knowledge
  5. 6. a monopoly where a government agency/corporation is the sole provider of a particular good or service and competition is prohibited by law
  6. 7. the process of a certain product or service from others to make it more attractive
  7. 8. exist as a result of the high fixed cost or start up costs of operating a business in a specific industry
  8. 9. a marketable item produced to satisfy wants or needs
  9. 11. an agreement between owners on the same side in a market to buy or sell a product at a fixed price or maintain market conditions
  10. 13. A debt investment in which an investor loans money to corporations that borrows money for a period of time, most of the time with interest.
  11. 14. a market structure characterized by a single seller, selling a unique product in the market
  12. 16. a type of security that signifies ownership on part of the corporations assets and earnings
  13. 18. any item of economic value owned by an individual or corporation, especially that could be converted to cash