Private Enterprise & Economic Systems

Edit Answers
123456789101112131415161718192021
Across
  1. 3. Raw materials purchased to make products
  2. 5. In this economic system, the government decides what will be made, how, and who gets the items.
  3. 7. when this rises, prices rise and supply falls
  4. 9. A business can make more profit when then ____ sales.
  5. 11. Income from sales - cost of goods = _______
  6. 14. when this rises, prices fall
  7. 16. The monetary reward for taking a risk and investing in a business
  8. 17. Individuals and businesses make decisions; the government regulates
  9. 18. This kind of expense is involved in running a business but not making a product
  10. 20. ____ resources are the things the businesses use to make products
  11. 21. gross profit - operating expenses = _____ profit
Down
  1. 1. In economics, _____ is getting items to consumers in the when, where and how they need them.
  2. 2. an internal factor affecting profit
  3. 4. A business will _______ expenses to increase profit
  4. 6. This economic system is based on doing things the same way for generations.
  5. 8. Also called a "welfare state"
  6. 10. if a business doesn't generate a profit, it will do this
  7. 12. ____ resources are things like trees, water, land
  8. 13. ____ resources produce the goods
  9. 15. another internal factor affecting profit
  10. 19. ________________ - Expenses = Profit