Across
- 2. composed of numerous outside organizations and forces that influence business operations.
- 5. the dynamic external system in which a business competes.
- 6. encompasses the impact of technology on business operations and productivity.
- 9. the quantity of a good or service that businesses will make available at various prices.
- 10. the point at which quantity demanded equals quantity supplied.
- 13. an economic system based on competition in the marketplace and private ownership of the factors of production.
- 17. the potential to lose time and money or otherwise not be able to accomplish an organization’s goals.
- 19. the money a company receives by providing services or selling goods to customers.
- 21. tangible items manufactured by businesses, such as laptops.
- 24. includes the attitudes, values, and lifestyles that influence purchasing decisions.
- 25. the money left over after all costs are paid.
- 26. the subarea of economics that focuses on individual parts of the economy, such as households or firms.
- 27. the study of people’s vital statistics, such as their age, gender, race and ethnicity, and location.
- 28. the quantity of a good or service that people are willing to buy at various prices.
- 31. includes factors such as inflation, employment rates, and economic growth that affect how businesses operate.
Down
- 1. the resources used to create goods and services, including natural resources, labor, capital, and entrepreneurship.
- 3. an organization that exists to achieve some goal other than the usual business goal of profit.
- 4. intangible offerings of businesses that can’t be held, touched, or stored.
- 7. the combination of policies, laws, and choices made by a nation’s government to establish the systems that determine what goods and services are produced and how they are allocated.
- 8. how international forces affect business, including trade agreements, economic trends, and global competition.
- 11. the general level of human happiness based on such things as life expectancy, educational standards, health, sanitation, and leisure time.
- 12. the relationship between business and government, including regulations, laws, and political stability.
- 14. an economic system in which the basic industries are owned by the government or by the private sector under strong government control.
- 15. the amount of goods and services people can buy with the money they have.
- 16. an organization that strives for a profit by providing goods and services desired by its customers.
- 18. economies that combine several economic systems; for example, an economy where the government owns certain industries but others are owned by the private sector.
- 20. the study of how a society uses scarce resources to produce and distribute goods and services.
- 22. the subarea of economics that focuses on the economy as a whole by looking at aggregate data for large groups of people, companies, or products.
- 23. people who combine the inputs of natural resources, labor, and capital to produce goods or services with the intention of making a profit or accomplishing a not-for-profit goal.
- 29. an economic system characterized by government ownership of virtually all resources, government control of all markets, and economic decision-making by central government planning.
- 30. expenses for rent, salaries, supplies, transportation, and many other items.