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