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BU 106 Terms Crossword
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Free enterprise : the system of business in which individuals are free to decide what to produce, how to produce it, and at what price to sell it.
Cultural diversity : differences among people in a workforce owing to race, ethnicity, and gender.
Business : the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society’s needs.
Profit : what remains after all business expenses have been deducted from sales revenue
Stakeholders : all the different people or groups of people who are affected by an organization’s policies, decisions, and activities.
Economics : the study of how wealth is created and distributed
Microeconomics : the study of the decisions made by individuals and businesses.
Macroeconomics : the study of the national economy and global economy
Factors of production : resources used to produce goods and services
Economy : the way in which people deal with the creation and distribution of wealth
Entrepreneur : a person who risks time, effort, and money to start and operate a business.
Capitalism : an economic system in which individuals own and operate the majority of businesses that provide goods and services.
Invisible Hand : a term created by Adam Smith to describe how an individual’s own personal gain benefits others and a nation’s economy.
Market Economy : an economic system in which businesses and individuals decide what to produce and buy, and the market determines quantities sold and prices.
Mixed Economy : an economy that exhibits elements of both capitalism and socialism
Consumer Products : goods and services purchased by individuals for personal consumption
Command Economy : an economic system in which the government decides what goods and services will be produced, how they will be produced, for whom available goods and services will produced, and who owns and controls the major factors of production.
Productivity : the average level of output per worker per hour
Gross Domestic Product : the total dollar value of all goods and services produced by all people within the boundaries of a country during a one-year period
BU 106 Terms Crossword
Across:1. | the study of the national economy and global economy | 4. | what remains after all business expenses have been deducted from sales revenue | 7. | the study of how wealth is created and distributed | 10. | resources used to produce goods and services |
| 14. | all the different people or groups of people who are affected by an organization’s policies, decisions, and activities. | 17. | an economy that exhibits elements of both capitalism and socialism | 18. | the study of the decisions made by individuals and businesses. |
| | Down:2. | an economic system in which businesses and individuals decide what to produce and buy, and the market determines quantities sold and prices. | 3. | an economic system in which individuals own and operate the majority of businesses that provide goods and services. | 5. | the total dollar value of all goods and services produced by all people within the boundaries of a country during a one-year period | 6. | goods and services purchased by individuals for personal consumption | 8. | differences among people in a workforce owing to race, ethnicity, and gender. | 9. | a person who risks time, effort, and money to start and operate a business. |
| 11. | an economic system in which the government decides what goods and services will be produced, how they will be produced, for whom available goods and services will produced, and who owns and controls the major factors of production. | 12. | the system of business in which individuals are free to decide what to produce, how to produce it, and at what price to sell it. | 13. | a term created by Adam Smith to describe how an individual’s own personal gain benefits others and a nation’s economy. | 15. | the way in which people deal with the creation and distribution of wealth | 16. | the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society’s needs. |
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© 2016
PuzzleFast.com, Noncommercial Use Only
BU 106 Terms Crossword
Across:1. | the study of the national economy and global economy | 4. | what remains after all business expenses have been deducted from sales revenue | 7. | the study of how wealth is created and distributed | 10. | resources used to produce goods and services |
| 14. | all the different people or groups of people who are affected by an organization’s policies, decisions, and activities. | 17. | an economy that exhibits elements of both capitalism and socialism | 18. | the study of the decisions made by individuals and businesses. |
| | Down:2. | an economic system in which businesses and individuals decide what to produce and buy, and the market determines quantities sold and prices. | 3. | an economic system in which individuals own and operate the majority of businesses that provide goods and services. | 5. | the total dollar value of all goods and services produced by all people within the boundaries of a country during a one-year period | 6. | goods and services purchased by individuals for personal consumption | 8. | differences among people in a workforce owing to race, ethnicity, and gender. | 9. | a person who risks time, effort, and money to start and operate a business. |
| 11. | an economic system in which the government decides what goods and services will be produced, how they will be produced, for whom available goods and services will produced, and who owns and controls the major factors of production. | 12. | the system of business in which individuals are free to decide what to produce, how to produce it, and at what price to sell it. | 13. | a term created by Adam Smith to describe how an individual’s own personal gain benefits others and a nation’s economy. | 15. | the way in which people deal with the creation and distribution of wealth | 16. | the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society’s needs. |
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© 2016
PuzzleFast.com, Noncommercial Use Only