Economics and Business Glossary Crossword Puzzle

QUESTIONS LIST:

• supply : an amount of goods and services that are available; the amount of goods that producers are willing to offer for sale.
• labour : includes all human physical skills and intellectual efforts used to produce goods and services.
• entrepreneur : a person who sets out to build a successful business in a new field. an entrepreneur’s methods are sometimes regarded as ‘ground-breaking’ or innovative.
• consumer : person or a group that is the final user of goods and services produced within an economy.
• capital : all physical equipment (machinery, buildings, infrastructure) used by people in a process of production.
• business : an organisation, enterprise or business engaged in the production and trade of goods and services, usually for profit.
• budget : a document detailing expected income and expenditure, for planning purposes.
• income : money received by individuals and businesses in exchange for providing factors of production, e.g. wages for labour, rent for land, interest for capital, and profit for enterprise.
• market : the exchange of goods, services or resources between buyers and sellers.
• needs : goods or services that consumers consider necessary to maintain their standard of living.
• producer : an individual and/or business involved in a production of goods and services.
• wants : goods or services that are desired to provide satisfaction to the user, but which are not necessary for survival or to meet the basic standard of living in a community.
• target market : group of customers with shared characteristics who are most likely to buy a company's product or service.
• goods and services : the output of an economic system. goods are items that are usually tangible, such as pens, food, cars, and books23. services are activities provided by other people, such as teachers, doctors, online servers, and consultants.