Across
- 3. A business which is owned and operated by a single owner.
- 5. Occurs when prices are set too high; Supply > Demand.
- 7. An economic system defined by low government control.
- 8. A government-enforced maximum price on a product.
- 9. The quantity of a product people are willing/able to buy at a certain price.
- 10. Products/services which make our lives more pleasant.
- 12. LLC stands for...
- 15. Physical products which can be touched/held.
- 17. A good used together with another good.
- 18. A business which is owned and operated by 2 - 5 people.
- 21. Any money or machines used to create goods or services.
- 22. A contractual agreement to purchase and use the name/resources of a known business.
- 23. A good used instead of another good.
- 24. Something which is consumed as it is produced.
- 25. The quantity of a product businesses are willing/able to make at a certain price.
- 26. The demand line will always be _______ sloping.
- 27. The supply line will always be _______ sloping.
Down
- 1. An economic system defined by high amounts of government control.
- 2. Any products/services which are required to survive.
- 4. A special contract which explains the rules of a business partnership.
- 6. A government-enforced minimum price on a product.
- 11. GDP stands for...
- 13. Any people/employees involved in the creation of goods.
- 14. Occurs when prices are set too low; Demand > Supply.
- 16. Any resource which comes from nature.
- 19. A person who takes the risk of owning a business.
- 20. A detailed document which describes your business; used to get funding.