Entrepreneurship and the Economy

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Across
  1. 3. the quantity of good and services a business is willing to sell at a specific price and a specific time
  2. 5. economy suppliers and consumers control the production
  3. 10. a social science concerned with how people satisfy their demands for goods and services when the supply of those good and services is limited
  4. 11. economy covers a limited area, such as a community or a town
  5. 12. the quantity if goods and services consumers are willing to buy at a specific price and a specific time
  6. 13. organization operates solely to serve the good of society
  7. 15. company the goverment controls production
  8. 16. when there are not enough goods and services to meet the demand
Down
  1. 1. economy the flow of goods and services around the whole world
  2. 2. the market economy or free enterprise system
  3. 4. Motive an incentive that encourages entrepreneurs to take business risks in the hope of making a profit
  4. 5. economy blends the elements of the command and market economies
  5. 6. barrier is a governmental restriction on international trade
  6. 7. exchange a transaction in which both suppliers and consumers believe they benefit
  7. 8. development ensures that human and natural resources are ensured for future generations
  8. 9. System a mthod used by a society to allocate goods and services among its people and to cope with scarcity
  9. 14. trade a policy ensuring that small producers in developing nations earn sufficient profit on their exported goods to improve their working, environmental, and social conditions