Across
- 3. The act of taking on greater than normal risk to organize and operate a business​
- 5. An economic system in which individual people and companies own and control the factors of production and make economic decisions
- 11. The struggle among producers for the dollars of consumers
- 13. Cost The highest valued option you do not select in an economic decision
- 15. The desire to own something and the ability to pay for it
- 16. Scenario in which consumers want more a of good or service than producers are willing to make available at a particular price
- 18. Those who purchase and utilize finished goods and services
- 19. Any human-made resource that is used to produce other goods and services
Down
- 1. A market structure in which a single seller dominates
- 2. The amount by which supply and demand react to changes in price
- 4. The point at which the supply of a good or service is equal to the demand of that good or service
- 6. Scenario in which producers want to make more of a good or service available than consumers want to buy at a particular price
- 7. A market structure with-in which a few large sellers dominate
- 8. Those responsible for transforming resources into finished goods and services
- 9. Any arrangement that allows producers and consumers to exchange goods and services
- 10. The wealth and resources of a nation
- 12. A legal entity in which the owners have limited liability
- 14. Items which encourage people to take certain actions or refrain from certain actions
- 16. People have unlimited wants and needs but there are limited resources to satisfy those wants and needs
- 17. The amount of a good or service that is available