EDWFStudyGuide Crossword

The study of how people deal with scarcity, fulfill needs, and select among alternative goods, services, and actions.
Individuals or groups such as families who obtain, use, maintain, and dispose of products and services to increase life satisfaction to fulfill needs.
"May the buyer beware"
The study of human populations, including characteristics such as size, growth, density, distribution, movement, and other vital statistics.
Made up of three stages- Expansion, Recession, and Recovery
An economic system characterized by open competition in a free market
Social or economic system in which nearly all capital is collectively owned, EX. Cuba & North Korea
Refers to buying and selling over the internet
When someone pays an extremely high price for a product fors its prestiged value
Refers to policies aimed at regulating products, services, methods, and standards of manufacturing, selling, and advertising in the interests of the buyer.
Wherein most decisions about what, how, and for whom to produce are made by those who control the government
A physical store & an online store
A diagram to show how consumers and markets affect each other
Measures price each month of a fixed list of 400 goods and services bought by a typical consumer
The process by which the parties in the dispute submit their differences to the judgement of an impartial person or group appointed by mutual consent
An appointed or elective board that supervises the affairs of a public or private organization
the purchase and use of goods and services by the public.
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
a manufacturer's use of confusing, misleading, or blatantly untrue statements when promoting a product
the control of the wealth of a nation by a majority of its citizens