Chapter 2 Management Crossword
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
                                                       
 
 
Down: 1) The amount of goods and services people can buy with the money they have.3) The study of how society chooses to employ resources to produce goods and services and distribute them for consumption among various competing groups and individuals.6) A severe recession.11) The general well-being of a society in terms of political freedom, a clean natural environment, education, health care, safety, free time, and everything else that leads to satisfaction and joy.17) A situation in which prices are declining18) Two or more consecutive quarters of decline in the GDP.20) The part of economic study that looks at the behavior of people and organizations in particular markets.23) The price determined by supply and demand.24) A market in which there is only one seller for a product or service. Across: 2) The market situation in which a large number of sellers produce products that are very similar but that are perceived by buyers as different.4) A general rise in the prices of goods and services over time.5) The part of economic study that looks at the operation of a nation’s economy as a whole.7) A situation in which the economy is slowing but prices are going up regardless.8) An economy in which the market largely determines what good and services are produced, who gets them, and how the economy grows.9) A situation in which price increases are slowing (the inflation rate is declining).10) The market situation in which there are many sellers in a market and no seller is large enough to dictate the price of a product.12) The quantity of products that manufacturers or owners are willing to sell at different prices at a specific time.13) An economic and political system in which the state makes all economic decisions and owns almost all of the major factors of production.14) A form of competition in which just a few sellers dominate the market.15) A phrase coined by Adam smith to describe the process that turns self-directed gain into social and economic benefits for all.16) An economic system in which all or most of the factors of production and distribution are privately owned and operated for profit.19) The percentage of the labor force that actively seeks work but is unable to find work at a given time.21) The periodic rises and falls that occur in economies over time.22) Monthly statistic that measures the pace of inflation or deflation.25) Economic systems in which some allocation of resources is made by the market and some by the government.26) The quantity of products that people are willing to buy at different prices at a specific time.27) The study of how to increase resources and the creation of the conditions that will make better use of those resources (eg. Recycling).28) An economy in which the government largely decides what goods and services are produced, who gets them, and how the economy will grow.29) The total value of goods and services produced in a country in a given year.30) The total output of goods and services in a given period divided by the total hours of labor required to provide them.31) An economic system based on the premise that some, if not most, basic businesses should be owned by the government so that profits can be evenly distributed among the people.
 

 

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