Vocabulary Crossword Puzzle: Econ - Crossword Puzzles "econ" made with our Free Crossword Puzzle Maker

Econ Crossword

Down: 1) an economy that is planned and controlled by a central administration, as in the former Soviet Union.3) human effort directed toward producing goods and services 4) market situation in which a large number of sellers offer similar but slightly different products and in which each has some control over prices 6) market situation in which here are numerous buyers and sellers, and no single buyer or seller can affect price 9) A merger between firms that are involved in totally unrelated business activities 12) financial institution owned and operated by its members to provide savings accounts and low interest loans only to it members 15) situation in which the quantity demanded is less than the the quantity supplied 16) when individuals take risks to develop new products and start new businesses in order to make profits 17) economic system in which individuals own the factors of production and deiced how to use them within legal limits 19) a system in which the government controls the factors of production and makes all decisions about their use.24) court order preventing some type of an activity, like a strike 25) Situation in which a product's price change has little impact on quantity demanded by consumers 26) union and management submit the issues they cannot agree on to a third party for a final decision 30) investigation of a person's income, current debts, personal life, and past history of borrowing 33) a product often used with another product like french fries with hamburgers 34) a system in which the government owns the major factors of production and attempts to manage output and the distribution of goods 35) amount originally borrowed for a loan 39) situation in which a product's price changes has a large impact on the quantity demanded by consumers 43) natural resources and surface land and water

Across: 2) industry dominated by a few suppliers who exercise some control over prices 5) market situation in which a single supplier makes up an entire industry for a good or service with no close substitutes 7) stores that by products in bulk from wholesalers and pass on the savings to customers.8) value of the next best alternative given up for the alternative that was chosen 10) sacrificing one good or service to purchase or produce another 11) system in which economic decisions are based on customs and beliefs that have been handed down 13) system of combining characteristics of more than one economy 14) store open 16-24 hours a day, carrying a limited selection of relatively higher-priced items 18) A merger occurring between companies producing similar goods or offering similar services.20) situation in which the quantity demanded is greater the the quantity supplied 21) people who have learned a trade or craft either through a vocational school or as an apprentice. i.e., an electrician 22) An economy in which markets answer all allocation decisions and answers all three questions of allocation. There is no government. Markets do it all. This is a theoretical ideal or extreme that does not exist in the real world 23) a product used in place of another product, like Coke and Pepsi 27) people whose jobs require no specialized training. i.e. factory worker 28) a person who has received training from a college or university and is working in a career field..i.e, teacher 29) nations with little industrial development and relatively low standard of living 31) countries with relatively high standard of living and economies based more on industry than agriculture 32) basic economic problem that results form a combination of limited resources and unlimited wants 36) A merger between two companies producing different goods or services for one specific finished product.37) graph showing the maximum combination of goods and services that can be produced from a fixed amount of resources in a given time period 38) state laws forbidding unions from forcing workers to join and pay union dues 40) depository institution that accepts deposits and lends funds 41) people whose jobs require some type of training 42) economic system in which private individuals own the factors of production 44) a financial process in which a business estimates the cost of any action and compares it with the estimated benefits of that action 45) previously manufactured goods used to make other goods and services. Example, buildings, tools, machines 46) a neutral person tries to get both sides to reach an agreement during negotiations 47) term used by Karl Marx for his idealized society in which no government is necessary.

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