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Unit 3: Market Structures, Competition, and Labor

Horizontales
the exclusive possession or control of the supply of or trade in a commodity or service.
method of urban planning in which a municipality or other tier of government divides land into areas called zones
type of business organization which is owned, managed and controlled by a single owner
cost advantages that enterprises obtain due to their scale of operation, and are typically measured by the amount of output produced.
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law
corporate organization that owns and controls the production of goods or services in at least one country other than its home country
merger or business consolidation that occurs between firms that operate in the same industry
share of profits and retained earnings that a company pays out to its shareholders
shared ownership and a shared stake in the outcome and productivity of an enterprise
a market structure in which a market or industry is dominated by a small number of large sellers or producers.
is a fixed cost that must be incurred by a new entrant, regardless of production or sales activities, into a market that incumbents do not have or have not had to incur.
Verticales
the situation prevailing in a market in which elements of monopoly allow individual producers or consumers to exercise some control over market prices
future sacrifices of economic benefits
a business whereby the owner licenses its operations—along with its products, branding, and knowledge—in exchange for a fee
a form of coercive monopoly in which a government agency or government corporation is the sole provider of a particular good or service, and competition is prohibited by law.
a large company that has or attempts to gain monopolistic control of a market
there are many producers and consumers, each not large enough to influence market supply and demand
competitive exchange among rival companies who lower the price points on their products
relation which subsists between individuals, who have decided to pool their money, skill and resources in business, to share profits and losses, in an agreed ratio.
type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time
a work stoppage, caused by the mass refusal of employees to work.
consists of all of the shares into which ownership of a corporation or company is divide
a combination of two things, especially companies, into one