Across
- 4. where buyer and sellers can meet and facilitate the exchange for profit
- 7. Liability- type of legal structure for an organization
- 8. Product- products that are sold separately but are used together
- 10. Good- product bought for consumption by the average customer
- 11. s the amount of an asset or resource that exceeds the portion that's actively utilized.
- 16. Curve- graphical representation of the relationship between the price of a good or service and quantity demanded.
- 17. Liability- the full legal responsibility that business owners and partners assume for all business debts
- 18. of Demand- factors that cause a shift in the economic demand for a product or service.
- 20. the total amount of a specific good or service that is available to consumers.
- 21. security that represents the ownership of a fraction of a corporation
Down
- 1. How much you pay for something
- 2. Competition- This market firms produce and sell slightly different products
- 3. Curve-s a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. I
- 4. structure- Defined by their characteristics
- 5. economic principle referring to a customer's desire to purchase goods and services.
- 6. Monopoly- monopoly that arises due to unique circumstances.
- 9. flow diagram- how goods, services, and money move through our economy
- 12. Proprietorship- is someone who owns an unincorporated business by himself or herself.
- 13. Competition- the market that has many buyers and sellers ,and all firms are identical
- 14. relationship between two or more people dealing with business
- 15. is a price searcher
- 19. This market has few sellers and their barrier entries are high