Across
- 1. another term for human resources
- 3. goods and services necessary for survival
- 7. also known as factors of production
- 11. new or improved way of doing things
- 12. what a business owes
- 13. a __________ business is one that has fewer than five people
- 18. extraction of raw materials occurs during this stage
- 20. a person who takes calculated risks and seizes opportunities
- 23. a market system based on government ownership
- 25. place where you can buy and sell shares in a company
- 26. desired items
- 29. when a business because a separate legal entity
- 30. causes movements along the demand and supply lines
- 32. items that can be used in place of each other
- 33. a general rise in prices over time
- 34. a type of business system that allows a person to use the name of an already established business for a fee
- 35. items that are consumed at the same time
- 39. an annual fee paid to protect your assets
- 41. one of the main reasons a business fails is due to a lack of this
- 43. Gross __________ Product
- 44. in a ______________economy, the government decides how the three basic economic questions will be answered
Down
- 2. money earned by a business from the sale of goods and services
- 4. manufacturing of goods occurs in this stage
- 5. a price put on the reputation of a business
- 6. a decrease in quantity supplied
- 8. where quantity demanded and supplied are the same
- 9. someone who wants to work but can't find a job
- 10. last name of an economist whose theories are still being used today
- 14. benefit foregone when choosing one alternative over another
- 15. an increase in quantity demanded
- 16. the means of production are privately owned
- 17. as price ___________ demand decreases
- 19. goods and services that flow out of a country
- 21. money left over once expenses have been paid
- 22. Australia's major international trading partner
- 24. the aim is to create a win-win situation
- 27. a sugar-free drink started by two friends
- 28. a disadvantage of this type of business is that it can lead to conflict
- 31. biggest online shopping event in the world
- 36. when someone tries to trick you into giving them money
- 37. a skill that means you can adapt to changing situations
- 38. place where buyers and sellers come together
- 40. paid to shareholders of a company
- 42. what a business owns