Across
- 3. promise made to the consumer that a product’s purchase price will be refunded if the product is not satisfactory
- 6. Organized way in which a country handles its economic decisions
- 9. Rivalry between or among businesses that offer dissimilar goods or services.
- 10. Rivalry among 2 or more businesses to attract scarce customer dollars
- 11. Market structure in which there are relatively few sellers, and industry leaders usually determine prices
- 13. Risks that result from changes in overall business conditions
Down
- 1. Monopoly that the government allows to exist legally
- 2. All of the expenses involved in running a business.
- 4. The possibility of loss to a business without any possibility of gain
- 5. The desire to make a profit which moves people to invest in business
- 7. Modified command economic system in which government owns the basic means of production
- 8. Rivalry between or among businesses that offer similar types of goods or services
- 12. money received by resource owners and by producers for supplying goods