Across
- 5. Achieving the best result with limited resources.
- 6. The process of creating goods or services.
- 7. Inputs used in production like labor, capital, land.
- 8. Using minimum input for maximum output.
- 13. Branch dealing with national and global economic trends.
- 16. Determining the selling value of a product or service.
- 17. A plan designed to achieve long-term business goals.
- 19. Process of setting objectives and outlining steps to reach them.
- 20. A system where buyers and sellers interact.
Down
- 1. Financial assets or equipment used to produce goods.
- 2. Financial gain from business activities after costs are deducted.
- 3. A business organization that sells goods or services.
- 4. Branch of economics dealing with individual and business decisions.
- 9. A choice made to resolve an issue or pursue a goal.
- 10. Consumer desire to purchase goods at given prices.
- 11. The study of scarcity and choices in the use of resources.
- 12. Predicting future trends using past data and analysis.
- 14. Relating to the activities of a manager.
- 15. The possibility of loss or uncertainty in business decisions.
- 18. A system of ideas intended to explain economic principles.