Across
- 3. the amount of goods producers are willing/able to produce/sell
- 6. when supply exceeds demand (scarcity)
- 8. people who are willing to take the risk of starting their own business
- 10. more goods and service are wanted than are available
- 12. change in prie have little effect on changes in demand
- 17. changes in price result in changes in demand
- 19. measure of the goods and services produced in country
Down
- 1. the movement of through 4 recurring phase- expansion,recession,depression,recovery
- 2. value added by changing raw materials to make them more useful
- 4. value added by having a product where customers can buy it
- 5. something needed
- 7. value added by communicating with the customer
- 9. value added by exchanging a product for a monetary value
- 11. value added by having a product a certain time of the year
- 13. occurs when supply and demand are equal
- 14. consumers desire less good and services than were desired
- 15. the study of how to meet unlimited wants and needs of a society
- 16. consumer's willingness to buy product a a given price
- 18. something that isn't needed,but a want
- 19. the sum of the dollar value for a products produced by a country