Test 1 Words 2-16 Crossword

distinct from mediation, in which parties negotiate to reach a voluntary settlement, and decisions are not binding unless all parties agree to them
elected leaders/stockholders of a corporation
physical retail stores
the process that moves from progression to expansion to peak to recession to depression to progression
economic system with little to no government influence on the uses of resources (land/labor/capital/entrepreneurship)
let the buyer beware
economic system with total government influence on the uses of resources (land/labor/capital/entrepreneurship)
political system that usually relies on a command economy
purchase of good or service to show “status” not efficiency in use of dollars spent
individual who is the recipient of goods and services in the market
a specialization within economics that studies how people deal with scarcity, fulfill needs, and select among alternative goods, services, and actions
the process of buying and selling over the internet
policies aimed at regulating products, services, methods, and standards of manufacturing, selling, and advertising in the interest of the buyer
refers to the capacity of an individual customer or a specific market to buy certain quantities of goods and services
an index of the variation in prices paid by typical consumers for retail goods and other items