Across
- 8. The combined talents and skills of the workforce.
- 9. Economic system based on competition in the marketplace and private ownership of the factors of production (resources) also known as the private enterprise system.
- 11. An economic system in which the basic industries are owned either by the government itself or by the private sector under strong government control.
- 12. The amount of goods and services one worker can produce.
- 14. Product (GDP) The total market value of all final goods and services produced within a nation’s borders in a year.
- 17. Commodities that are useful inputs in their natural state.
- 19. Intangible offerings of businesses that can’t be held, touched, or stored.
Down
- 1. Inputs such as tools, machinery, equipment, and buildings, used to produce goods and services.
- 2. The application of science and engineering skills and knowledge to solve production and organizational problems.
- 3. The money left over after all costs are paid.
- 4. The general level of human happiness based on such things as life expectancy, educational standards, health, sanitation, and leisure time.
- 5. An organization that strives for a profit by providing goods and services.
- 6. Americans born between 1946 and 1964
- 7. Economies that combine several economic systems; for example, an economy where the government owns certain industries but others are owned by the private sector.
- 8. Workers who create, distribute, and apply knowledge.
- 10. A country’s output of goods and services that people can buy with the money they have.
- 13. Economic contributions of people.
- 15. organization An organization that exists to achieve some goal other than the usual business goal of profit.
- 16. The money a company earns from providing services or selling goods to customers.
- 18. The potential to lose time and money or otherwise not be able to accomplish an organization’s goals.