Across
- 1. someone who owns an unincorporated business by himself or herself
- 7. the cost added by producing one additional unit of a product or service.
- 8. a market structure where a single seller or producer assumes a dominant position in an industry or a sector
- 9. the additional benefit arising from a unit increase in a particular activity.
- 10. a tax or duty to be paid on a particular class of imports or exports.
- 15. an amount of something left over when requirements have been met; an excess of production or supply over demand.
- 18. a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
- 19. a condition or state in which economic forces are balanced.
- 20. the unemployment which exists in any economy due to people being in the process of moving from one job to another.
Down
- 1. a state or situation in which something needed cannot be obtained in sufficient amounts.
- 2. the loss of potential gain from other alternatives when one alternative is chosen.
- 3. the lowest legal price that can be paid in a market for goods and services, labor, or financial capital.
- 4. the highest point at which goods and services can be sold.
- 5. resources that are the building blocks of the economy; they are what people use to produce goods and services.
- 6. occurs when people are unemployed at particular times of the year when demand for labour is lower than usual
- 11. a state of limited competition, in which a market is shared by a small number of producers or sellers.
- 12. unemployment resulting from industrial reorganization.
- 13. a limited quantity of a particular product which under official controls can be produced, exported, or imported.
- 14. an association of two or more people
- 16. the state of being scarce or in short supply; shortage.
- 17. a curve based on the data of two variables representing resources between two goods