Across
- 6. The condition in which a percentage of the population wants to work but is unable to find jobs
- 9. First described by Karl Marx as a society in which people, without regard to class, own all the nations resources
- 10. Groups that have a stake in the success and outcome of the business. Includes customers, employees, regulators, and community. To achieve and maintain profitability, companies must produce quality products, operate efficiently, and be socially responsible and ethical in dealing with stakeholders.
- 11. An economic system in which individuals own and operate the majority of business that provide goods and services
- 13. An economic system in which the government owns and operates the basic industries
- 14. The owner is primarily responsible for obtaining financial resources for the operation of the business, including,
- 15. The market structures that exists when there are very few business selling a product
Down
- 1. Individuals or Organizations who try to earn a profit by providing products that satisfy people's needs.
- 2. The study of how resources are distributed for the production of goods and services within a social system
- 3. Goods or services with tangible and intangible characteristics that provide satisfaction and benefits
- 4. The number of products business are willing to sell at different prices at specific times
- 5. An individual who risks his/her wealth, time and effort to develop a for profit company, an innovative product or way of doing something
- 7. The number of products the consumers are willing to buy at different prices at specific times
- 8. Is the rivalry among businesses for consumer’s dollars
- 12. The market structure that exists when there is one business providing a product in a given market