Engineering Economics Crossword Puzzle
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QUESTIONS LIST:
- economics : deals with people and their assets and resources
- intangible : cannot be reduced to monetary values (irreducible)
- commodity : economic product
- luxuries : goods that should be acquired only after all necessities have been satisfied
- market : exchange between buyer and seller
- monopoly : meralco
- oligopsony : many sellers, few buyers
- demand : need, want or desire for a product backed by money to purchase it
- sale : supply is the amount of product made available for _ .
- equilibrium : quantity demand is equal to quantity supplied
- interest : income from an invested capital
- principal : amount loaned
- compound : earning interest on both the initial principal and the accumulated interest from previous periods
- nominal : basic annual interest
- bimonthly : m = 6
