Across
- 2. curve demonstrating the amount of something purchased at all possible prices
- 3. any place buyers and sellers get together to trade
- 7. resources produce by the environment
- 14. resources used to produce other goods
- 15. the production of a firm
- 17. the relationship between supply and price
- 19. artificially set price below which the price may not fall
- 21. things which will move the demand curve to another spot on the graph
- 22. the act of working
- 25. making similar products unique in order to compete
- 27. market structure dominated by one firm
- 29. the point where supply and demand curve intersect
- 30. merger of two or more companies in the same market
Down
- 1. economic system with no government intervention
- 4. a measurement of how sensitive a product is to price change
- 5. giving up some of one thing to have more of another
- 6. education and skills needed to perform jobs
- 8. semi-independent business that pays fees to a parent organization
- 9. also called communist
- 10. graph demonstrating opportunity cost
- 11. business owned by stockholders
- 12. the next best thing given up when making a choice
- 13. businesses designed to do charitable work that other companies don't
- 16. curve demonstrating the amount of product producers will sell at all possible prices
- 17. profit shares given by corporations to stockholders
- 18. the relationship between demand and price
- 20. market structure dominated by a few large firms
- 21. business owned by one person
- 23. how societies answer the 3 questions and 5 goals
- 24. economic system which blends both command and free market systems
- 26. a person who takes a risk to open a business
- 28. when firms work together to set market prices