Across
- 3. The type of capital provided by large investors seeking to make a profit.
- 4. Not having enough resources to satisfy every need.
- 7. Someone who takes a risk in starting a business to earn a profit.
- 11. The total value of all final goods and services produced in a country during one year.
- 13. A business owned and run by one person.
- 14. A business owned and controlled by two or more people.
- 15. In this type of economy goods and services are produced and consumed according to tradition.
- 18. Meeting the goals of an organization through the effective use of people and other resources.
- 19. Management activity of setting goals and developing strategies for the company.
- 20. In this type of economy the government owns and controlls all resources.
Down
- 1. In this type of economy the resources are owned and controlled by the people.
- 2. Businesses involved in selling the goods and services made by producers.
- 5. The private ownership of economic resources by individuals, rather than the government.
- 6. The highest point in the business cycle when most people are employed and the economy is booming.
- 8. A separate legal entity formed by documents filed with the state.
- 9. A written contract granting permission to operate a business to sell products and services in a set way.
- 10. An invention or creation that is brand new.
- 12. The point in the business cycle when unemployment is high and businesses are failing.
- 16. The quantity of a good or service that businesses are willing and able to produce.
- 17. The quantity of a good or service customers are willing and able to buy.