economics Crossword Puzzles
Economics 2019-03-29
35 Clues: Used • QNHS • high • Long • Cost • CPI. • Study • money • tools • extra • worst • shift • Store • shift • money • short • Income • Convert • workers • Quality • leakage • everyone • Increase • quantity • Superior • Domestic • deposits • downward • Long-run. • recession • Injection • Liquidity • fluctuates • stabalisers • refinancing
Economics 2019-05-27
Across
- fixed costs can be changed
- the amount of people who are willing and able to work
- shows relationship between unemployment and inflation
- the increase in the price level
- the maximum amount of goods a country can produce
- market for different currencies
- type of unemployment that relates to jobs that only exist for part of the year
- an exchange of goods that if done correctly allows a country to consume outside its PPC
- Only one firm in a market
- Moved by changing the money supply or by lowering taxes
Down
- an economist that advocated fro government intervention in the market
- many firms with differentiated products
- type of unemployment that relates to the changes in the business cycle
- The amount of happiness derived from one more unit of a good
- revenue minus costs
- value of all economic activity in a year
- few firms with barrier to entry
- many firms with identical products
- type of unemployment that relates to unemployment between jobs or between education and job
- moved by changes in resource number or chnage in technology
20 Clues: revenue minus costs • Only one firm in a market • fixed costs can be changed • the increase in the price level • few firms with barrier to entry • market for different currencies • many firms with identical products • many firms with differentiated products • value of all economic activity in a year • the maximum amount of goods a country can produce • ...
ECONOMICS 2018-11-11
Across
- necessities
- opposite of equilibrium
- income of employees
- properties
- process of combining various materials
- investment
- lack of resources
- second branch of economics
- greek prefix word “mikro”
- employees
Down
- paribus latin phrase meaning “other things equal”
- state where supply and demand are balanced
- first branch of economics
- utility consumer gains from consuming one good
- consumers willingness to pay a price for a good
- desires
- goods that producers are willing to provide
- measure of a variable’s sensitivity to a change in another variable
- market that is dominated by only a few large firms
- market structure characterized by single seller
20 Clues: desires • employees • properties • investment • necessities • lack of resources • income of employees • opposite of equilibrium • first branch of economics • greek prefix word “mikro” • second branch of economics • process of combining various materials • state where supply and demand are balanced • goods that producers are willing to provide • ...
Economics 2018-11-23
Across
- Something that encourages a person to take action.
- In economics this means additional.
- Produced goods that can be used as resources for further production.
- Able to be felt by touch.
- Smith Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment.
- The branch of economics that deals with human behavior and choices as they relate to the entire economy.
- A means for deciding who gets what portion of the available resources and goods.
- The quality of bringing satisfaction or happiness.
- Tasks that people pay others to perform for them.
- Any place where people go to buy and sell goods or services.
- The amount of money by which total cost exceeds total revenue.
Down
- The loss of potential gain from other alternatives when one alternative is chosen.
- A political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
- Consequences Actions of people or government have unanticipated effects.
- The graphical representation of the law of demand.
- A thing we desire to have
- A sense of how the world works.
- A situation in which more of one thing necessarily means less of something else.
- The condition in which our wants are greater than the resources available.
- The science that studies the choices of people trying to satisfy their wants in a world of scarcity.
- An economics system in which government controls and may own many of the resources.
- A financial payment made by government for certain actions.
22 Clues: A thing we desire to have • Able to be felt by touch. • A sense of how the world works. • In economics this means additional. • Tasks that people pay others to perform for them. • The graphical representation of the law of demand. • Something that encourages a person to take action. • The quality of bringing satisfaction or happiness. • ...
Economics 2023-05-25
Across
- distributed ledger used to make a digital record of the ownership of assets, in particular cryptocurrencies.
- measure of the responsiveness of one variable to changes in another.
- gradual reduction in the value of an asset (or a debt) over time
- a balance between the supply of and demand for a good at a market-clearing price
- Goods and services acquired from outside the country
- communism
- Goods and services sent to outside the country.
- Trade The cause that led to the founding of The Economist in 1843
- policy Decisions relating to the amount a government raises in taxes and spends on public services
- cost cost of producing an extra unit of something.
- money amount one is due to pay back to another
- can be used to create economic value
- result of economic activity
Down
- takeover by the state of private businesses
- item pledged as security against a loan
- coined to describe the use of private capital to finance economic activity
- Tokens created digitally and at the moment privately, although some central banks have created their own (see this article)
- Institutions at the heart of the financial system
- plumbing of the economy
- act of protecting yourself against the financial impact of risk
- usually refers to reducing the role of the government
- financial markets take a trend too far
22 Clues: communism • plumbing of the economy • result of economic activity • financial markets take a trend too far • item pledged as security against a loan • takeover by the state of private businesses • can be used to create economic value • Goods and services sent to outside the country. • Institutions at the heart of the financial system • ...
economics 2023-05-23
Across
- a graph of the relationship between the price of a good and the quantity supplied
- total revenue minus total cost
- A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder
- A business in which two or more persons combine their assets and skills
- A focus on a particular activity or area of study
- has some form of checking, savings or money market account
- people who don't have bank accounts
- moneyreceived, especially on a regular basis, for work or through investments.
- the cost of producing one more unit of a good
- an establishment formed to carry on commercial enterprise
- when consumers react to an increase in a good's price by consuming less of that good and more of other goods
- The portion of corporate profits paid out to stockholders
- fixed costs plus variable costs
Down
- A business owned by stockholders who share in its profits but are not personally responsible for its debts
- A financial security that represents a promise to repay a fixed amount of funds
- What you expect prices to do in the future can influence your buying habits today.
- A pool of money used by a company to purchase a variety of stocks, bonds or money market instruments. Provides diversification and professional management for investors.
- A general and progressive increase in prices
- A plastic card used to make purchases now and pay for them later.
- Price x Quantity
- A business owned by one person
- shares of ownership in a company
- Trends and fashions that are highly desirable to the consumer
- The application of scientific knowledge for practical purposes
24 Clues: Price x Quantity • total revenue minus total cost • A business owned by one person • fixed costs plus variable costs • shares of ownership in a company • people who don't have bank accounts • A general and progressive increase in prices • the cost of producing one more unit of a good • A focus on a particular activity or area of study • ...
economics 2023-11-14
Across
- a person with temporary permission to work in another country
- output per worker or per hour worked
- a type of business often run by a board to provide a benefit to the public
- a merger between two firms involved in different stages of production join together
- a group of people whose job is to fight for an increase of wages and safer work conditions for its members
- a relationship between people or groups based on shared feelings, interest, or experience
- to obtain goods from a foreign supplier
- a demand for a commodity or service which is a consequence of the demand for something else
- business owned and operated by individuals for their shared benefit
- a business agreement by two or more individuals to share responsibilities
Down
- the practice of basing some of a company's process overseas to take advantage of lower costs
- a business owned by one person
- the state of being responsible of something
- pays a fee to the parent company for the exclusive right to sell something
- a merger between two competing companies in the same industry
- to provide someone with advantageous economic or working conditions
- the process by which education increases productivity and results in higher wages
- most complex form of business owned by individual stockholders
- gives workers the right to decide whether to join a union or not in the workplace
- wages fluctuate with respect to the demand and supply of labor
20 Clues: a business owned by one person • output per worker or per hour worked • to obtain goods from a foreign supplier • the state of being responsible of something • a person with temporary permission to work in another country • a merger between two competing companies in the same industry • most complex form of business owned by individual stockholders • ...
Economics 2023-11-14
Across
- output per worker or per hour worked.
- the exclusive authority to determine how a resource is used, whether that resource is owned by government or by individuals.
- business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff.
- sum of the employed plus the unemployment
- the demand for a good or service that results from the demand for a different, or related, good or service.
- Business owned by on person
- owner licenses its operation along with products,branding,and knowledge.
- two or more individuals share responsibility,assets,profit,and financial/legal liabilities.
- merger of two or more companies that provide different supply chain functions.
- the process by which education increases productivity and results in higher wages.
- being responsible for something,especially by law
Down
- the transferring activities or ownership of a complete business process to a different country from the country (or countries) where the company receiving the services is located.
- a worker who is hired on a temporary or fixed-term contract basis to provide specific services for a specific project or period of time.
- condition or state in which economic forces are balanced.
- merger occurring between companies in the same industry.
- investor lends money to company for period of time in exchange for regular price interest.
- an unfair labor practice that occurs when a union requires an employer to pay for services they did not perform.
- semi independent business that pays fees
- the theory that the completion of college indicates to employers that a job applicant is intelligent and hard-working.
- foreign national who is permitted to live and work temporarily in a host country.
20 Clues: Business owned by on person • output per worker or per hour worked. • semi independent business that pays fees • sum of the employed plus the unemployment • being responsible for something,especially by law • merger occurring between companies in the same industry. • condition or state in which economic forces are balanced. • ...
Economics 2023-11-08
Across
- one of four factors of production soil
- The exchange of goods and services amongst buyers and sellers
- factor of production representing workers effort
- a job type that is ongoing but less that 35 hours per week
- A focus on the production of a particular good or service
- The person who buys goods and services
- The people or organisations that supply goods and services
- you can only use it once it will not last forever
- work type that is often irregular hours
- when someone leaves the work force usually at the age of 67 of 67
- the study of how society uses resources for needs and wants
Down
- time and labour given without payment in return
- the way participants in an economy rely on each other for goods and services they cannot produce
- something you would like to have
- combines all factors of production together
- type of work that is ongoing and more than 35 hours per week
- the value of the best alternative given up when making a choice for something else
- something you need to survive
- having limited resources to meet all the needs and wants
- money earnt from working in the form of a wage
- The way we distribute the scarce resources
- machinery, tools and building used to produce goods and services
22 Clues: something you need to survive • something you would like to have • one of four factors of production soil • The person who buys goods and services • work type that is often irregular hours • The way we distribute the scarce resources • combines all factors of production together • money earnt from working in the form of a wage • ...
Economics 2023-11-15
Across
- A graphic representation of a ______ schedule
- A measure that ___ mandatory union membership
- Movement of a company’s resources of production to another ____
- An individuals own personal ____
- Objects that are ____
- Something _________ for survival
- A contract that includes a promise to repay ______ money
- The amount of a good or service that is available.
- Demand that is not as sensitive to price ______
- The money a business gets back from its _______
- Effort that is ___ for
Down
- Actions someone performs for _______
- the ____ obligation to pay debts
- A ______ or group of people living in a single _________.
- The desire to ___ something and the ability to ___ for it
- A demand set by the ____ for another good or service
- Human made _______ used to create other goods and services
- The struggle among producers for the _____ of consumers.
- Demand that is very sensitive to change in _____
- Organization that uses ______ to produce a product or service
20 Clues: Objects that are ____ • Effort that is ___ for • the ____ obligation to pay debts • An individuals own personal ____ • Something _________ for survival • Actions someone performs for _______ • A graphic representation of a ______ schedule • A measure that ___ mandatory union membership • Demand that is not as sensitive to price ______ • ...
Economics 2023-11-15
Across
- business organization owned by a group of people
- all non military people who are employed or unemployed
- negotiating labor contracts that keeps unnecessary workers on the company payroll
- wage rate or price of labor services that is set when demand for workers is met
- formal contract issued by a corporation
- business organization owned by 2 or more people
- business owned and managed by a single individual
- a certificate of ownership in a corporation
- authorization from local government to run a business
- an organized work stoppage intended to force an employer to address union demands
- theory about the relationship between education and wages
- movement of company operations to a different country
- legal entity owned by individual stock holders
Down
- debts
- demand for labor
- companies reach out to other companies to do a specific job
- 2 or more firms competing in the same market with the same good
- organization of workers that tries to improve working conditions and wages
- sells
- money and other valuables
20 Clues: debts • sells • demand for labor • money and other valuables • formal contract issued by a corporation • a certificate of ownership in a corporation • legal entity owned by individual stock holders • business organization owned by 2 or more people • business organization owned by a group of people • business owned and managed by a single individual • ...
Economics 2023-11-15
Across
- gives a company exclusive rights to sell a new good or service for a specific period of time
- the struggle among producers for the dollars of consumers
- the act of redirecting resources from being consumed so benefits can be created in the future
- something essential for survival
- a formal contract issued by a corporation other entity
- the portion of stock is issued in
- the amount of good or service that is available
- the coins and bills used as money
- a business organization owned and operated by a group of individuals for their shared benefits
- the price paid for using borrowed money
- companies contract with other companies to do a specific job
Down
- the extra cost of adding one unit
- negotiating labor contracts that keep unnecessary workers on the company payroll
- love of ones country
- something we desire but is not necessary for survival
- an authorization from the local government to operate a business
- money or other values that one person contributes in a partnership
- an organized work stoppage intended to force an employer to adress union demands
- desire to own something and the ability to pay for it
- a market dominated by a few large profitable firms
20 Clues: love of ones country • something essential for survival • the extra cost of adding one unit • the portion of stock is issued in • the coins and bills used as money • the price paid for using borrowed money • the amount of good or service that is available • a market dominated by a few large profitable firms • something we desire but is not necessary for survival • ...
Economics 2023-11-12
Across
- formal contract issued by a corporation
- an organized work stoppage
- effect theory about the relationship of education to wages
- business owned by two or more people
- all nonmilitary people who are unemployed or employed
- no owner ran by board of directors provides benefit to the public
- a neutral person who works on both sides to solve a problem
- business owned/operated by a group of people for shared benefit
- companies contract with another company to do specific jobs
- one partner is general partner
Down
- selling merchandise to their members for a reduced price
- demand for labor
- money or valuables
- authorization to local government to operate a business
- company moving their operations or resources to another country
- negotiating labor contracts keeping unnecessary workers on payroll
- two or more firms competing in the same market with same good/service
- a third person to listen to both sides and makes a decision
- unpaid debts
- certificate of ownership in a corporation
20 Clues: unpaid debts • demand for labor • money or valuables • an organized work stoppage • one partner is general partner • business owned by two or more people • formal contract issued by a corporation • certificate of ownership in a corporation • all nonmilitary people who are unemployed or employed • authorization to local government to operate a business • ...
Economics 2023-09-19
Across
- a business organization recognized by law as a separate legal entity (you'll hear some people say "evil -----------"
- the type of liability where the owner is responsible for all losses and debts(and they could go on forever)
- represents non-voting ownership shares (people like this more because it pays out first))
- a government document that gives permission to create a corporation
- a stock of finished goods and parts in reserve
- when a union negotiates with management over issues such as pay, hours, health care, etc
- wooly mammoths are buried in this
- an organization of workers formed to represent its members' interests (it has nothing to do with a woman giving birth)
- a business that is jointly owned by two or more people (like a doubles' tennis relationship)
- ____(flow) total amount of new funds a business generates from operation
- a written promise to repay the amount borrowed (007)
- corporations producing and selling without regard to nation boundaries (I made the word plural by accident)
- Likes to chase mice
- Flying mammal
- organization like a business but not for financial gain
- income common measure of business profits found by subtracting all expenses from revenues
- a voluntary association formed to carry on an economic activity that benefits its members (people shorten the word and it looks like their talking about a chicken house)
- the amount borrowed
- Man's best friend
Down
- combination of two or more businesses to form a single business
- merger combination of two or more firms producing the same kind of product
- gradual wear on capital goods
- the price paid for the use of another's money
- Has a trunk
- a business owned by a single individual
- ownership certificate
- union a financial organization that accepts deposits from, makes loans to, employees of a particular company or govt agency
- a check that transfers a portion of the corporate earnings (the name is comes from the idea of splitting up the profits evenly)
- merger combination of firms involved in different stages of manufacturing or marketing
- ____ (statement) a report showing a firm's sales, expenses, net income, and cash flows for a certain period
- examples are water, sewerage, electric services
- firm with four or more businesses making unrelated product, with no single business responsible for a majority of its sales
- represents basic ownership of a corporation (it's not unusual)
- a blood sucking insect blamed for Lyme disease
- Large marsupial
- a young dog or seal
36 Clues: Has a trunk • Flying mammal • Large marsupial • Man's best friend • Likes to chase mice • a young dog or seal • the amount borrowed • ownership certificate • gradual wear on capital goods • wooly mammoths are buried in this • a business owned by a single individual • the price paid for the use of another's money • a stock of finished goods and parts in reserve • ...
Economics 2024-05-08
Across
- the consumer makes market decisions
- general increase in prices and fall in the value of money
- when the market is growing and doing well
- property consisting of lang of buildings
- 20-30 years, much cheaper
- stock dividing and then paying out to you
- tax on privately owned property
- giving up the best thing for and alternative
- business run individually and for people who pay money
- business run and paid for by the government
- when the stocks go down and economy is struggling
Down
- when economy suffers government should influx money
- performance how well a stock is doing based on how others are doing
- have disadvantages because they pay higher taxes
- the more you make the more luxury you can buy
- have advantages because they don't get taxed as much
- anything you gave up to make a finacial decision
- automatically pays out, more expensive,
- a share in the ownership of a company
- hands-off economy will self regulate
- father of modern economics, wealth of nations, capitalism
21 Clues: 20-30 years, much cheaper • tax on privately owned property • the consumer makes market decisions • hands-off economy will self regulate • a share in the ownership of a company • automatically pays out, more expensive, • property consisting of lang of buildings • when the market is growing and doing well • stock dividing and then paying out to you • ...
ECONOMICS 2024-04-22
Across
- diem a daily allowance paid to an employee
- the principle holding that two
- a legal contract between the insurance company
- where the insured pays a share of the payment
- Risk risks directly affecting an individual or fam
- the person who owns the insurance policy.
- savings a type of personal savings
- any medical service that requires
- healthcare provider provide comprehensive primary.
- people who do not have insurance
- an amount the insured pays before insurance claim
- what you pay monthly
- a type of insurance policy in which
- you don't have to be hospitalized for
Down
- company provides compensation for specific loss
- The amount you pay for covered health care
- the person or entity that will receive
- Risk when a party can be responsible for losses.
- gives workers and their families benefits
- risk damage due to uncontrollable forces like fire
- a formal request by a policyholder
- The process through which an approved
- reckless or unreasonable actions that
- A general term referring to any service
- medicine thats paid for though company
- what you're reimbursed with
- there is a contractual agreement with that health plan regarding the rates for services.
- spending through employer lets you pay
- the use of electronic information
- the amount of risk or liability that is
- a payment made by a beneficiary in addition to insurer
- of network when a contact has no been established
32 Clues: what you pay monthly • what you're reimbursed with • the principle holding that two • people who do not have insurance • any medical service that requires • the use of electronic information • a formal request by a policyholder • savings a type of personal savings • a type of insurance policy in which • The process through which an approved • ...
Economics 2024-03-21
Across
- - to begin an activity to introduce something (e.g. a new product onto the market)
- - the use of media which normally communicate information both visually and using sound; also adj.
- - the underlying subject, idea or theme used to advertise something
- - means of mass communication that may or may not carry advertising e.g. TV, radio, newspapers, magazines, the internet; also used as an abstract noun to denote the media as an industry or sector
- - an advertisement on TV or radio
- - an abstract group of potential or existing customers for a given product or service
- - a physical or abstract collection of work or clients, both past and present; a physical portfolio may be contained in a large document and show artwork and printed advertising in order to attract new clients
- - a physical or electronic document, normally containing promotional material or advertising
Down
- - a planned set of related activities to achieve a goal
- - a phrase used to advertise a product or service which can become a way of identifying the product (e.g. Just do it - Nike)
- - Unique Selling Proposition; a statement of what makes a product different from its competitors
- - a person whose work involves writing copy, often to be used in advertising material
- - a sheet of paper with printed advertising
- - something given for free, often as part of an advertising campaign or to tempt somebody to buy a product or service
- - a document containing a list of products and services, often with more detailed information than the marketing materials
- - something, normally written text in printed materials or on an internet page, which spans the entire page, normally placed at the top
- - publicity designed to promote services or products in media such as newspapers, TV, internet, magazines etc.
- - the effect of something e.g. the degree to which an advertising campaign has reached its target audience
- - a symbol used by organisations to identify themselves and normally to promote their services or products
- - a private individual who purchases goods and services; the target of B2C advertising
20 Clues: - an advertisement on TV or radio • - a sheet of paper with printed advertising • - a planned set of related activities to achieve a goal • - the underlying subject, idea or theme used to advertise something • - to begin an activity to introduce something (e.g. a new product onto the market) • ...
economics 2024-02-16
Across
- a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods
- something that has grown or is growing
- something that produces good or helpful results
- the money used to build, run, or grow a business
- a action of began or selling goods services
- send goods or sureness to another country for sale
- rate the proportion of a loan that is charged as interest to the borrower
- money to a worthy cause or volunteering time
- a current medium of exchange in the from coins and dollars
- to move something available to someone or possible to someone
- a plan for saving and spending
Down
- a marketplace where securities, commodities, derivatives and other financial instruments are traded.
- items that satisfy human wants, provide utility or usefulness, and are
- an abundance of valuable possessions for money
- money receded on a regular basis
- an economic concept that relates to a consumer's desire to purchase goods and services
- a good or service bought in one country that was produced in another.
- system of inter-related production and consumption
- the state of being or in short supply of
- a place where you can make saving deposite
- the value you give up when you pay for something
21 Clues: a plan for saving and spending • money receded on a regular basis • something that has grown or is growing • the state of being or in short supply of • a place where you can make saving deposite • a action of began or selling goods services • money to a worthy cause or volunteering time • an abundance of valuable possessions for money • ...
economics 2024-02-19
Across
- something that is sent out
- ll the materials available in our environment which are technologically accessible
- money or goods given to the less fortunate
- is a financial institution that accepts deposits from the public
- something provided for money
- any income not used for immediate consumption
- a trade
- how fast something is done
- regular gathering of people for the purchase and sale of provisions,
Down
- quantity of a good that consumers are willing and able to purchase at various prices during a given time.
- he quantity of payment or compensation expected, required, or given by one party to another in return for goods or services.
- a certain number of sales to reach
- discussion aimed at reaching an agreement.
- two contedors or rivals for the same thing
- services provided for a price
- estimate of income and expenditure for a set period of time.
- the process of increasing physical size
- commitment of resources to achieve later benefits
- an advantage or profit gained from something.
- amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace
20 Clues: a trade • something that is sent out • how fast something is done • something provided for money • services provided for a price • a certain number of sales to reach • the process of increasing physical size • discussion aimed at reaching an agreement. • money or goods given to the less fortunate • two contedors or rivals for the same thing • ...
Economics 2024-02-14
Across
- A financial plan that outlines the amount of money a corporation can spend in a certain amount of time.
- A good or service bought in one country that was produced in another.
- The demand for a good or service is greater than the availability of the good or service.
- Quantity of a good that consumers are willing and able to purchase at various prices during a given time.
- The cost of debt for the borrower and the rate of return for the lander.
- The income that a firm receives from the sale of a good or service to it's customers.
- A scenario where different economic firms are in contention to obtain limited goods by varying the marketing mix elements: price, product, promotion, and place.
- A show in the ownership of a company, including a claim on the companies earning and assests.
- The total amount of a specific good provided to the market for consumption.
Down
- The sum of the employment plus the un-employed.
- A strategic discussion between two parties to resolve an issue in a way that both find acceptable.
- The price at which the amount of good or service supplied by all sellers in a market is equal to the amount demanded by all buyers.
- A government imposed trade restriction that limits the number of goods that a country can import or export during a particular period.
- Goods or services on the form of a gift given to a person or group by another person or group.
- A mandatory payment or charge collected by local, state, and national government services, goods and activities.
- A composition of systems, industries, producers, social relations pr infrastructures where by parties engage in exchange.
- The sale and purchase of assests and securities between two consensual sides.
- Components used to produce goods for consumers.
- When someone has finanicial freedom during all economic resources that can be measured in terms of either real goods or money values.
- The value you give up when you choose one economic activity over the next best economic activity.
20 Clues: The sum of the employment plus the un-employed. • Components used to produce goods for consumers. • A good or service bought in one country that was produced in another. • The cost of debt for the borrower and the rate of return for the lander. • The total amount of a specific good provided to the market for consumption. • ...
Economics 2024-02-14
Across
- An advantage or profit gained from something
- the way total output, income, or wealth is distributed among individuals
- anything that confers value or benefit to its owner such as a factory and its machinery
- Exchange for other goods and services without using money
- a market place where securities, commodities, derivatives, and others are traded
- an activity involving two or more firms in which each firm tries to get people to buy their goods
- Economic concept that relates to a consumers desire to purchase goods
- Items that satisfy human wants, provide utility, or usefulness and are scarse
- medium of exchange for goods and services
Down
- A persons regular occupation, profession, or trade
- A product or service produced in one country but sold to a buyer abroad
- transaction between two parties in which one supplies money, goods, services, or securities in return for a promised future payment
- the monetary value of goods and services purchased by producers and consumers
- public availability or knowledge of something
- A financial institution licensed to receive and make loans
- an estimate of income and expenditure for a set period of time
- people who buy or use goods and services to satisfy their wants
- an organization set up to provide help and raise money for those in need
- a fixed income instrument that represents a loan made by an investor to a borrower
- The large set of inter-related production, consumption, and exchange activities
20 Clues: medium of exchange for goods and services • An advantage or profit gained from something • public availability or knowledge of something • A persons regular occupation, profession, or trade • Exchange for other goods and services without using money • A financial institution licensed to receive and make loans • ...
Economics 2024-05-23
Across
- Ownership in a company.
- A good who demand decreases when income increases.
- When buyers and sellers hold different information.
- The overconsumption of common resources. It is called the Tragedy of the...
- Tendency to take fewer precautions b/c of insurance.
- Rise of overall prices in an economy.
- When the supplier can prevent people from consuming.
- Type of advantage where you have the lowest opportunity cost.
- Measure of economic growth.
- A loan issued by a borrower.
- When spending exceeds tax revenue.
Down
- What you give up to get something.
- Responsible for monetary policy.
- Responsible for fiscal policy.
- When more than one person can consume a good.
- Side effect of someone else's behavior.
- Benefit from something without contributing.
- Type of advantage where you can make more in a given amount of time.
- Money backed by gold.
- Concerned with individual decisions.
- Unemployment caused by a careful job search.
- Core element of economic growth.
22 Clues: Money backed by gold. • Ownership in a company. • Measure of economic growth. • A loan issued by a borrower. • Responsible for fiscal policy. • Responsible for monetary policy. • Core element of economic growth. • What you give up to get something. • When spending exceeds tax revenue. • Concerned with individual decisions. • Rise of overall prices in an economy. • ...
Economics 2024-07-14
Across
- To put money in a bank account.
- The money paid by a borrower for the use of borrowed money.
- The amount of a good or service that consumers are willing and able to buy at a certain price.
- The money that a country uses; a specific kind of money.
- Money, property, etc., that is used to start or operate a business.
- A share of the value of a company which can be bought, sold, or traded as an investment.
- A period of time in which there is a decrease in economic activity.
- The loss of potential gain from other alternatives when one alternative is chosen.
- To use money to earn more money; to use your money to purchase stock in a company, to buy property, etc., in order to make future profit.
- An amount of money that a government requires people to pay according to their income, the value of their property, etc., and that is used to pay for the things done by the government.
- Money that is made in a business, through investing, etc., after all the costs and expenses are paid; a financial gain.
Down
- An amount of money available for spending that is based on a plan for how it will be spent.
- A person who buys goods and services.
- Money that a bank or business will allow a person to use and then pay back in the future.
- An amount of money that is used for a special purpose.
- An amount of money that you owe to a person, bank, company, etc.
- To increase in value.
- An amount that is less than the amount that is needed.
- The inability to satisfy all wants at the same time; all resources and goods are limited.
- The amount of a good or service that producers are willing and able to sell at a certain price.
- The process or system by which goods and services are produced, sold, and bought.
- The activity or process of buying, selling, or exchanging goods or services.
- A continual increase in the price of goods and services.
23 Clues: To increase in value. • To put money in a bank account. • A person who buys goods and services. • An amount of money that is used for a special purpose. • An amount that is less than the amount that is needed. • The money that a country uses; a specific kind of money. • A continual increase in the price of goods and services. • ...
Economics 2024-09-12
Across
- when something has a great amount of people wanting it
- What is often reduced in command economies?
- an economic system that combines the elements of a market economy and the elements of a planned economy
- the process of identifying all your available resources
- What is the primary characteristic of a command economy?
- What ideally promotes competition in a market economy
- the amount of products stored for future sales
- an economic system where two forces, known as supply and demand, direct the production of goods and services
- What motivates innovation in a market economy?
- When we have a source that could give us everything with no limits
Down
- the physical or financial resources used to produce goods and services
- What encourages growth in a market economy
- a group of people organizing the economic system
- What is the common ownership form in a command economy?
- What motivates consumers in a market economy?
- when we have a source that has a limit to its use
- when believing other things remain constant
- a factor of production where environment comes to place
- a business organization, such as a corporation, limited liability company, or partnership
- Essentials for survival
20 Clues: Essentials for survival • What encourages growth in a market economy • What is often reduced in command economies? • when believing other things remain constant • What motivates consumers in a market economy? • the amount of products stored for future sales • What motivates innovation in a market economy? • a group of people organizing the economic system • ...
Economics 2024-09-12
Across
- the government has little or no direct involvement in the process of resource allocation
- things that are needed for survival
- it refers to the ability and inventiveness of the entrepreneurs who are prepared to take risks
- a product or services that can be easily replaced with another by consumers
- physical resources that are made by human to aid production
- this factor of production includes a wide range of things such as mineral deposits like oil and coal
- when the wants are unlimited but the resources are limited
- a statement based on facts and is objective
- goods or services that are beneficial to individuals and society but oftenunder-consumed in a free market economy
- considered a human resource as it's the capacity of individuals to perform tasks and contribute to economic activity
Down
- something that is available to everyone in a society and benefits that given society
- a type of good which experiences an increase in demand due to an increase in income
- inputs used to produce goods and services
- when everything else is unchanged apart from a single change of circumstances
- cost of the choice in terms of the next best alternative
- concentrating on producing certain goods or services than others
- Central government and its organisations are responsible for the allocation of resources.
- describes a good whose demand drops when people's incomes rises
- a graphical representation that shows all the possible combinations of two goods or services that an economy can produce with its given resources and technology
- and economic system where both the private sector and public sector have a part to play in the allocation of resources
20 Clues: things that are needed for survival • inputs used to produce goods and services • a statement based on facts and is objective • cost of the choice in terms of the next best alternative • when the wants are unlimited but the resources are limited • physical resources that are made by human to aid production • ...
Economics 2024-09-16
Across
- needs; need to give confidence and a sense of security
- The price that supply is equal to demand
- Initialism; monetary value of goods and services and total economic activity in a specific area, over a specific time period
- System in which customs are passed through time
- An assembly line; where each party works exclusively on the component assigned to them; what they are good at
- Steady increase in employment, demand, income and investments; improving economic situation
- economic system in which businesses respond to consumer desires; private ownership may exist
- User; person who utilises a good or service
- A web; the reliance between various organizations and businesses
- Additional percentage rate at which it costs to borrow money
- Economic system in which government controls nearly every aspect of the economy
Down
- Something of value; often in the form of equipment to produce goods efficiently
- needs; must haves for survival
- Increase in prices, decrease in purchasing power of money
- Time with increase in standard of living, investments, and optimal general state of economy
- Goods that can replace one another
- Goods used together; Goods often purchased by consumers at the same time
- needs; need to make one feel included; part of a community
- Whom something originates from; goods made or grown; services provided
- Amount of goods and/or services in a market available to consumers
- An asset acquired in order to gain value over time
- needs; needs that make one feel better about oneself
- Desire to purchase goods and services at a certain price
- Goods used less as income increases
- Decrease in demand, income and investments; increase in unemployment
- Severe reduction in demand, income and investments; overwhelming levels of unemployment
26 Clues: needs; must haves for survival • Goods that can replace one another • Goods used less as income increases • The price that supply is equal to demand • User; person who utilises a good or service • System in which customs are passed through time • An asset acquired in order to gain value over time • needs; needs that make one feel better about oneself • ...
Economics 2024-04-29
Across
- ALL PEOPLE WHO WORK
- ORGANIZED WAY A NATION PROVIDES FOR THEIR PEOPLE
- EXCLUSIVE CONTROL OVER A PRODUCT OR PRODUCTION
- MONEY AND ASSETS NEEDED TO START A BUSINESS
- ECONOMIC SLOWDOWN THAT LASTS AT LEAST 6 MONTHS
- PEOPLE WHO ARE WILLING TO INVEST THEIR TIME AND MONEY TO RUN A BUSINESS
- A PERIOD OF RENEWED ECONOMIC GROWT FOLLOWING A RECESSION
- HOW MUCH CONSUMERS ARE WILLING AND ABLE TO BUY
- HOW MUCH PRODUCERS ARE WILLING TO MAKE AND SELL
- A TIME WHEN THE ECONOMY IS FLOURISHING
- GOVERNMENT ORGANIZATION AND AGENCIES
- GOVERNMENT CONTROLS FACTORS OF PRODUCTION
- BUSINESSES THAT ARE OWNED BY INDIVIDUALS
Down
- TOTAL VALUE OF GOODS PRODUCED AND SERVICES PROVIDED DURING A YEAR
- ALL THINGS USED IN PRODUCING GOODS AND SERVICES
- RECURRING CHANGES IN ECONOMIC ACTIVITY
- WHEN PRICES RISE
- EVERYTHING CONTAINED IN THE EARTH OR FOUND IN THE SEAS
- ECONOMIC AND POLITICAL SYSTEM WHERE TRADE IS CONTROLLED BY PRIVATE OWNERS FOR PROFIT
- FREE OF GOVERNMENT REGULATION, ALLOWS PRIVATE PRODUCERS AND CONSUMERS TO REGULATE THEMSELVES
- PROLONGED RECESSION
21 Clues: WHEN PRICES RISE • ALL PEOPLE WHO WORK • PROLONGED RECESSION • GOVERNMENT ORGANIZATION AND AGENCIES • RECURRING CHANGES IN ECONOMIC ACTIVITY • A TIME WHEN THE ECONOMY IS FLOURISHING • BUSINESSES THAT ARE OWNED BY INDIVIDUALS • GOVERNMENT CONTROLS FACTORS OF PRODUCTION • MONEY AND ASSETS NEEDED TO START A BUSINESS • EXCLUSIVE CONTROL OVER A PRODUCT OR PRODUCTION • ...
Economics 2024-10-30
Across
- an insistent and peremptory request, made as of right.
- Identification Number (PIN):A numeric secret that a cardholder memorizes and uses as part of authenticating their identity
- an act of taking money out of an account.
- Resources: the set of people who make up the workforce of an organization, business sector, industry, or economy
- Affairs Victoria (CAV): the Victorian Government's leading consumer protection agency,
- the action of making or manufacturing from components or raw materials, or the process of being so manufactured.
- exchange (goods or services) for other goods or services without using money.
- the money you receive in exchange for your labor or goods
- mark (a bill) as paid.
- they look like the real thing and catch you off guard when you're not expecting it.
- Cards: a small plastic card issued by a bank, building society, etc., allowing the holder to purchase goods or services on credit.
- merchandise or possessions.
- a financial plan that lists expected expenses and income during a particular period:
- the state of being scarce or in short supply; shortage.
Down
- a sum of money paid into a bank or building society account.
- a stock or amount of something supplied or available for us
- Work: a person who does work without getting paid to do it
- send (goods or services) to another country for sale.
- for the use of money over time
- a person who purchases goods and services for personal use.
- bring (goods or services) into a country from abroad for sale.
- consumption: the use of products and services in ways that minimizes impacts on the environment.
- have a desire to possess or do (something); wish for.
- Electronic Funds Transfer at Point of Sale.
- the action of helping or doing work for someone.
- the action of spending fund
- legal tender—currency or coins—that can be used to exchange goods, debt, or services.
- an official inspection of an organization's accounts, typically by an independent body.
- Resource: something that is found in nature and can be used by people
29 Clues: mark (a bill) as paid. • the action of spending fund • merchandise or possessions. • for the use of money over time • an act of taking money out of an account. • Electronic Funds Transfer at Point of Sale. • the action of helping or doing work for someone. • send (goods or services) to another country for sale. • have a desire to possess or do (something); wish for. • ...
Economics 2024-10-10
Across
- - The system of production, consumption, and distribution of goods and services in a society.
- - A period of economic decline, typically characterized by a decrease in GDP.
- - The act of putting money into assets or projects with the expectation of earning a profit.
- - The total amount of a product or service available to consumers.
- - The ease with which an asset can be converted into cash.
- - The desire of consumers to purchase goods and services.
- - A fundamental economic problem of having limited resources to meet unlimited wants.
- - The financial gain made after subtracting costs from revenue.
- - The additional benefit or cost associated with one more unit of a good or service.
- - A debt security in which the issuer owes the holder a debt and is obliged to pay interest.
- - The act of trading goods, services, or currencies between parties.
- - A place where buyers and sellers come together to trade goods and services.
- - The cost of borrowing money, usually expressed as a percentage.
- - The amount by which expenses exceed income or revenue.
Down
- - Money that is borrowed with the expectation of being paid back with interest.
- - The cost of forgoing the next best alternative when making a decision.
- - The value of ownership in a business or property.
- - The rate at which the general level of prices for goods and services rises.
- - Gross Domestic Product, the total value of all goods and services produced in a country.
- - A portion of a company's earnings distributed to its shareholders.
- - A market structure in which a single company dominates the market.
- - A share of ownership in a company that represents a claim on part of its assets and earnings.
- - The system of money in general use in a particular country.
- - A financial plan that outlines expected income and expenditures.
- - The total income generated from the sale of goods and services.
- - A measure of satisfaction or value that a consumer receives from a good or service.
- - Financial assistance provided by the government to support businesses or individuals.
- - The exchange of goods and services between people or entities.
- - A tax imposed on imported goods and services.
- - Financial assets or resources that businesses use to produce goods and services.
30 Clues: - A tax imposed on imported goods and services. • - The value of ownership in a business or property. • - The amount by which expenses exceed income or revenue. • - The desire of consumers to purchase goods and services. • - The ease with which an asset can be converted into cash. • - The system of money in general use in a particular country. • ...
Economics 2024-11-15
Across
- When a union and company management meet to negotiate a new labor contract
- Payments to employees other than wages or salaries
- A business that has stocks or shares that are traded on the open market and owned by the public
- A certificate of ownership in a corporation
- nonmilitary people who are employed or unemployed but looking for work
- Two or more firms competing in the same market wuth the same good or service join together
- A business owned and managed by a single individual
- A legal entity that is owned by one or more people each with limited liability
- The legal obligation to pay debts
- An authorization from the local government to operate a business
- Fees charged to a franchisee given to the franchises owner
Down
- A business that is usually completely owned by a family and is not traded on the open market
- certain areas designated for various specific uses
- A business with headquarters in one country and branches in other countries
- A business owned and manages by two or more people who agree on a specific division of responsibilities and profits
- A formal contract issued by a corporation or other entity that includes a promise to repay borrowed money with intrest
- Two or mmore firms involved in different stages of producing the same good or service join together
- businesses with no owner that provide some sort of benefit to the public without any profit
- doesn't allow companies to force you to join a union
- All things of value owned by a business or person
- Payment given out to shareholders
21 Clues: The legal obligation to pay debts • Payment given out to shareholders • A certificate of ownership in a corporation • All things of value owned by a business or person • certain areas designated for various specific uses • Payments to employees other than wages or salaries • A business owned and managed by a single individual • ...
Economics 2024-11-13
Across
- the company that enforces work regulations
- result of physical work
- No owner, often run by a board Usually provide a benefit to the public
- Most complex form of business
- Business owned by a group of individuals for shared benifits
- under 16 or not in search of a job
- cease of work due to unhappiness
- unfairness due to race/gender
- Business owned by two or more people
- stocks bought and sold in financial markets
Down
- Two companies join together in the same market
- all nonmilitary people who are employed or unemployed.
- merger of three or more unrelated companies
- perks given to workers
- Business owned by one person
- money paid to workers
- semi independent business with fees
- the amount wanted by consumers
- responsibility of all debts
- Group of workers by occupation seeking better pay
20 Clues: money paid to workers • perks given to workers • result of physical work • responsibility of all debts • Business owned by one person • Most complex form of business • unfairness due to race/gender • the amount wanted by consumers • cease of work due to unhappiness • under 16 or not in search of a job • semi independent business with fees • Business owned by two or more people • ...
economics 2024-11-11
Across
- when things cost more over time
- an amount of money spent
- gross domestic product
- putting a tax on imports
- the thing you are selling
- when people want stuff
- putting money into something that will either pay you back or take all your money
- a supply that comes from nature
- relating to everyone else's money
- selling something to another country
- large scale
Down
- buying something from another country
- the thing that takes your paycheck
- why people do stuff
- total
- a stock or a resource
- relating to the governments money
- when you don't have a job
- wealth in assets or money
- the person who buys stuff
- a time of economic decline where things cost more
21 Clues: total • large scale • why people do stuff • a stock or a resource • gross domestic product • when people want stuff • an amount of money spent • putting a tax on imports • when you don't have a job • wealth in assets or money • the person who buys stuff • the thing you are selling • when things cost more over time • a supply that comes from nature • relating to the governments money • ...
Economics 2024-11-04
Across
- A table that shows a range of prices for a certain good or service and the quantity demanded at each price
- The total number of units of a good or service producers are willing to sell at a given price
- The extra benefit producers receive from selling a good or service, measured by the price the producer actually received minus the price the producer would have been willing to accept
- The relationship between price and the quantity demanded of a certain good or service
- See Social Surplus [1]
- Goods that are often used together so that consumption of one good tends to enhance consumption of the other
- The resources such as labor, materials, and machinery that are used to produce goods and services; also called inputs
- A good that can replace another to some extent, so that greater consumption of one good can mean less of the other
- The price where quantity demanded is equal to quantity supplied
- Government laws to regulate prices instead of letting market forces determine prices
- The common relationship that a higher price leads to a greater quantity supplied and a lower price leads to a lower quantity supplied, while all other variables are held constant
- At the existing price, quantity supplied exceeds the quantity demanded; also called a surplus
- The situation where quantity demanded is equal to the quantity supplied; the combination of price and quantity where there is no economic pressure from surpluses or shortages that would cause price or quantity to change
- See Social Surplus [2]
- A table that shows a range of prices for a good or service and the quantity supplied at each price
Down
- The loss in social surplus that occurs when a market produces an inefficient quantity
- What a buyer pays for a unit of the specific good or service
- Other things being equal
- A good in which the quantity demanded falls as income rises, and in which quantity demanded rises and income falls
- At the existing price, the quantity demanded exceeds the quantity supplied; also called a shortage
- The sum of consumer surplus and producer surplus
- A graphic representation of the relationship between price and quantity demanded of a certain good or service, with quantity on the horizontal axis and the price on the vertical axis
- The relationship between price and the quantity supplied of a certain good or service
- A legal maximum price
- The extra benefit consumers receive from buying a good or service, measured by what the individuals would have been willing to pay minus the amount that they actually paid
- A line that shows the relationship between price and quantity supplied on a graph, with quantity supplied on the horizontal axis and price on the vertical axis
- At the existing price, the quantity demanded exceeds the quantity supplied; also called excess demand
- A legal minimum price
- The quantity at which quantity demanded and quantity supplied are equal for a certain price level
- The total number of units of a good or service consumers are willing to purchase at a given price
- When a change in some economic factor (other than price) causes a different quantity to be supplied at every price
- The common relationship that a higher price leads to a lower quantity demanded of a certain good or service and a lower price leads to a higher quantity demanded, while all other variables are held constant
- At the existing price, quantity supplied exceeds the quantity demanded; also called excess supply
- When a change in some economic factor (other than price) causes a different quantity to be demanded at every price
- The resources such as labor, materials, and machinery that are used to produce goods and services; also called factors of production
- A good in which the quantity demanded rises as income rises, and in which quantity demanded falls as income falls
36 Clues: A legal maximum price • A legal minimum price • See Social Surplus [1] • See Social Surplus [2] • Other things being equal • The sum of consumer surplus and producer surplus • What a buyer pays for a unit of the specific good or service • The price where quantity demanded is equal to quantity supplied • ...
economics 2021-02-11
Across
- A producer who has enough market power to influence prices
- a person or thing that eats or uses something.
- a for-profit business
- a country or state
- the activity or condition of striving to gain or win something
- an organisation or a person's regular occupation, profession, or trade.
- - comp. imperfect competition
- a person who makes a purchase.
- money received
- the state of having paid work.
- merchandise or possessions.
- a person who sells something.
Down
- substance that is manufactured or refined for sale.
- ability to avoid wasting materials, energy, efforts, money, and time
- the payment of a specified sum before it can be acquired or done.
- a part or portion of a larger amount which is divided among a number of people, or to which a number of people contribute.
- an exclusive possession or control of a supply/trade
- replacement of a use or product
- a system supplying a public need
- the state of a country or region in terms of the production and consumption of goods and services and the supply of money
- he city or town that functions as the seat of government and administrative centre of a country or region
- an advantage or profit gained from
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
- a situation in which two suppliers dominate the market for a commodity or service.
- a market is shared by a small number of producers or sellers.
25 Clues: money received • a country or state • a for-profit business • merchandise or possessions. • a person who sells something. • - comp. imperfect competition • a person who makes a purchase. • the state of having paid work. • replacement of a use or product • a system supplying a public need • an advantage or profit gained from • a person or thing that eats or uses something. • ...
economics 2021-02-11
Across
- a person who sells something.
- - comp. imperfect competition
- substance that is manufactured or refined for sale.
- he city or town that functions as the seat of government and administrative centre of a country or region
- a situation in which two suppliers dominate the market for a commodity or service.
- the state of having paid work.
- A producer who has enough market power to influence prices
- ability to avoid wasting materials, energy, efforts, money, and time
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
- a market is shared by a small number of producers or sellers.
- a person or thing that eats or uses something.
- a person who makes a purchase.
- money received
- a part or portion of a larger amount which is divided among a number of people, or to which a number of people contribute.
Down
- replacement of a use or product
- relating to the allocating of resources or funds to a particular area or for a particular purpose.
- the process of receiving or giving systematic instruction, especially at a school or university.
- the payment of a specified sum before it can be acquired or done.
- a country or state
- an exclusive possession or control of a supply/trade
- the activity or condition of striving to gain or win something
- an advantage or profit gained from
- a for-profit business
- the state of a country or region in terms of the production and consumption of goods and services and the supply of money
- merchandise or possessions.
- a system supplying a public need
- an organisation or a person's regular occupation, profession, or trade.
27 Clues: money received • a country or state • a for-profit business • merchandise or possessions. • a person who sells something. • - comp. imperfect competition • the state of having paid work. • a person who makes a purchase. • replacement of a use or product • a system supplying a public need • an advantage or profit gained from • a person or thing that eats or uses something. • ...
Economics 2021-02-03
Across
- study of government activities
- value of money available in the economy
- not engaged in gainful occupation
- increase in prices and fall in the value of money
- violence against civilians due to political aims
- academic study of economy
- study of decision making of individuals and firms
- production increase of goods/services overtime
- device intended to harm citizens
- international exchange of capital, goods, services
- using economy to augment state power
- accounting of international transactions
- exports exceeding cost of imports
Down
- behavior of firms, policies, and competition
- spread of nuclear weapons to counties w/o
- formal international organizations
- protection of industries from foreign competition
- studies interaction of nation/nonnation states
- measures to reduce risk of violence
- concerned with largescale economic factors
20 Clues: academic study of economy • study of government activities • device intended to harm citizens • not engaged in gainful occupation • exports exceeding cost of imports • formal international organizations • measures to reduce risk of violence • using economy to augment state power • value of money available in the economy • accounting of international transactions • ...
Economics 2021-03-17
Across
- A bond represents a loan made by an investor to a borrower.
- A fallacy of subjective interpretation and perception of a situation. A mistaken mentality that one person's gain must be another's loss (three words).
- A more severe economic decline that lasts for several years.
- A sustained increase in the general price level in an economy. Inflation means an increase in the cost of living as the price of goods and services rise. It also means that the monetary value of currency decreases.
- The money that people and businesses pay to support the activities of the government.
- Paying or trading for goods or services with other goods or services, instead of using money.
- the process of a company increasing production of goods or services through acquisition of business (two words)
- An economic system in which the central government directs all major economic decisions.
- A business that controls so much of an industry that little or no competition exists
- A sum of money granted by the government, using public money to assist in payment of an industry or business.
- When a few businesses dominate a particular industry, eliminating other competition.
- An economic system providing free choice and individual incentive for workers, investors, consumers, and business enterprises.
- used to refer to a point at which the level of profits or benefits gained is less than the amount of money or energy invested. Also called law of diminishing returns or principle of diminishing marginal productivity (two words).
- An economic system in which the government owns the means of production, distributes the products and wages, and provides social services.
- The opposite of market equilibrium, a lack of equilibrium or stability, especially in relation to supply, demand, and prices.
- A strategy whereby a company owns or controls its suppliers, distributors and retail locations of the supply chain. The process of a company operating the stages of production that is normally operated by separate businesses (two words).
Down
- A measure of a country’s economic performance, it is the sum of all goods and services produced in a nation in a year (three words).
- A proportionate saving in costs gained by an increased level of production (three words).
- A benefit, profit, or value of something that must be given up to acquire or achieve something else (two words).
- A commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization (two words).
- The percentage of money member banks must keep in Federal Reserve Banks as a reserve against their deposits (two words).
- A tax placed a particular class of imports or exports to protect domestic markets.
- A government’s use of spending and taxation to influence the economy (two words).
- Is a measure of a variable's sensitivity to a change in another variable, most commonly this sensitivity is the change in price relative to changes in other factors.
- An economic principle that each country should produce those goods it can make more efficiently and trade for other goods (two words).
- The process by which a government takes control of industry
- Anything that prevents an entrepreneur from instantaneously creating a new firm or business in a market (three words).
- A government’s control of the supply of money and credit to influence the economy (two words).
- An economy in which the government both supports and regulates private enterprise.
- An economic system which allows buyers and sellers to act on their individual interests to determine economic activities
- A condition that exists because society does not have all the resources to produce all the goods and services that everyone wants
- the combination of economic variables that are in balance. Example: When supply and demand are in balance, at the equilibrium price, the quantity that buyers are willing to buy exactly matches the quantity that sellers are willing to sell. So everybody is satisfied.
- The study of human efforts to satisfy seemingly unlimited wants through the use of limited resources.
- The policy, or belief that an economy functions best when there is little to no interference by government, and to let markets take their own course. The principle that the less government is involved in the economy, business will be better off, and by extension, society as a whole without government bureaucracy regulations (two words).
- Widespread economic decline that lasts for at least six months.
- The rate charged by a lender of money or credit to a borrower (two words).
36 Clues: A bond represents a loan made by an investor to a borrower. • The process by which a government takes control of industry • A more severe economic decline that lasts for several years. • Widespread economic decline that lasts for at least six months. • The rate charged by a lender of money or credit to a borrower (two words). • ...
economics 2020-04-30
Across
- of production Raw materials used to make goods and services (land, labour, capital & enterprise)
- All human effort, both physical and intellectual
- Final users of goods and services to satisfy their needs and wants
- Payment per hour for labour
- Ability to combine all resources to make something (plan, recipe, system etc)
- Institution which handles money for households and firms
- National Company A company which operates in several countries with its headquarters in the parent country. (Apple)
- An organization that sells goods
- Income flows that are removed from the Circular Flow model. (savings, tax, imports)
- Income flows which are added to the Circular Flow of Income model (investment, govt. spending, exports)
- Organization with authority to make decisions for the population
- market Place where factors of production are bought and sold.
- Reward for the use of resources
- Money paid at a particular rate for the money lent
- Basic necessities for life
- National Company A company that operates in many countries with independent headquarters in each.(McDonalds)
- Situation where demand is greater than supply
- A system where all factors of production, distribution and consumption of goods and services are controlled by the government
- Goods and services bought from overseas
- Physical items used by consumer and services for a profit
- A system where factors of production are owned by the government
Down
- Where actions by one party have impacts on another, particularly economically.
- Organisations that make goods and services
- Goods and services which we desire but don’t need
- Place where goods and services are bought and sold.
- Financial assistance given to people by the Government
- Payment for use of land
- That part of earnings not spent
- The study of how people use scarce resources to satisfy needs and wants
- An economy where people produce only enough goods and services for their own family
- Payment per year for labour
- Used to pay for goods and services
- Cost The cost of the next-best alternative opportunity
- Purchase of new capital
- Action of only doing one part of the process
- A system which allows private ownership of the factors of production
- market Place where goods and services are bought and sold (Coles, Seek.com, Fremantle markets) Same as Market
- Actions done for consumers by producers
- Basic units used to make goods and services
- All resources provided by nature
- Payment earned by entrepreneurs
- Equipment used to make goods and services
- Compulsory government levy
- Goods and services sold overseas
- chain Complex group of firms in many countries each producing a component of a final product.
45 Clues: Payment for use of land • Purchase of new capital • Basic necessities for life • Compulsory government levy • Payment per hour for labour • Payment per year for labour • That part of earnings not spent • Reward for the use of resources • Payment earned by entrepreneurs • An organization that sells goods • All resources provided by nature • Goods and services sold overseas • ...
economics 2020-04-29
Across
- Used to pay for goods and services
- Payment earned by entrepreneurs
- Reward for the use of resources
- An economy where people produce only enough goods and services for their own family
- Ability to combine all resources to make something (plan, recipe, system etc)
- Payment per hour for labour
- Action of only doing one part of the process
- Equipment used to make goods and services
- Institution which handles money for households and firms
- All human effort, both physical and intellectual
- Basic necessities for life
- A company that operates in many countries with independent headquarters in each.(McDonalds)
- Purchase of new capital
- A system where factors of production are owned by the government
- Place where factors of production are bought and sold
- Situation where demand is greater than supply
- That part of earnings not spent
- All resources provided by nature
- Organization with authority to make decisions for the population
- A company which operates in several countries with its headquarters in the parent country. (Apple)
Down
- Place where goods and services are bought and sold (Coles, Seek.com, Fremantle markets) Same as Market
- Income flows which are added to the Circular Flow of Income model (investment, govt. spending, exports)
- Goods and services bought from overseas
- Financial assistance given to people by the Government
- Physical items used by consumer and services for a profit
- An organization that sells goods
- Actions done for consumers by producers
- Goods and services which we desire but don’t need
- Final users of goods and services to satisfy their needs and wants
- chain Complex group of firms in many countries each producing a component of a final product.
- Money paid at a particular rate for the money lent
- A system which allows private ownership of the factors of production
- Income flows that are removed from the Circular Flow model. (savings, tax, imports)
- Payment for use of land
- Cost The cost of the next-best alternative opportunity
- Place where goods and services are bought and sold.
- Basic units used to make goods and services
- Compulsory government levy
- Organisations that make goods and services
- Payment per year for labour
- Where actions by one party have impacts on another, particularly economically.
- The study of how people use scarce resources to satisfy needs and wants
- A system where all factors of production, distribution and consumption of goods and services are controlled by the government
- goods and services sold overseas
44 Clues: Payment for use of land • Purchase of new capital • Basic necessities for life • Compulsory government levy • Payment per hour for labour • Payment per year for labour • Payment earned by entrepreneurs • Reward for the use of resources • That part of earnings not spent • An organization that sells goods • All resources provided by nature • goods and services sold overseas • ...
Economics 2020-05-16
Across
- A Circular flow model of the economy is a graphical representation of the movement of money between three sectors.
- a stock or supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively.
- the loss of potential gain from other alternatives when one alternative is chosen.
- Factors of production is an economic term that describes the inputs used in the production of goods or services in order to make an economic profit.
- the exclusive possession or control of the supply of or trade in a commodity or service.
- a stock of a resource from which a person or place can be provided with the necessary amount of that resource.
- free enterprise is a type of economy where products, prices, and services are determined by the market, not the government.
- the state of being a partner or partners.
- Absolute advantage is the ability of an individual, company, region, or country to produce a greater quantity of ...
Down
- the activity of setting up a business or businesses, taking on financial risks in the hope of profit.
- Pure competition is a term that describes a market that has a broad range of competitors who are selling the ...
- Monopolistic competition characterizes an industry in which many firms offer products or services that are ...
- An economic system, or economic order, is a system of production, resource allocation and ... There is no precise definition of a "mixed economy".
- Property rights define the theoretical and legal ownership of resources and how they can be used.
- a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities.
- a state of limited competition, in which a market is shared by a small number of producers or sellers.
- the desire of purchasers, consumers, clients, employers, etc., for a particular commodity, service, or other item.
- the process of concentrating on and becoming expert in a particular subject or skill.
- a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
- the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.
- a state in which opposing forces or influences are balanced.
- A sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.
- the state of being scarce or in short supply; shortage.
- a cycle or series of cycles of economic expansion and contraction.
- a general increase in prices and fall in the purchasing value of money.
25 Clues: the state of being a partner or partners. • the state of being scarce or in short supply; shortage. • a state in which opposing forces or influences are balanced. • a cycle or series of cycles of economic expansion and contraction. • a general increase in prices and fall in the purchasing value of money. • ...
Economics 2021-05-14
Across
- : A financial institution that collects deposits from the public and extends credit to businesses and households.
- : selling part of the production of goods or services in the other country
- : A sharp downturn in general economic activity.
- : a person who starts a business
- : Rising prices of goods and services.
- : a situation in which one supplier has an exclusive position on a product or service offered to a multitude of buyers.
- : In economics, this refers to rivalry between several agents for the same market.
- : periodic payment, paid by an employer to a salaried employee
- : Excess of expenditure over earnings.
Down
- : It is a fraction of the capital of a listed company
- : the sum of a company's sales of goods or services over an accounting period.
- : decrease in the general price level
- : Situation of a business owner who cannot pay his debts, keep his commitments.
- : Also called a firm, it is an organisation whose purpose is to produce and supply goods or services to a set of customers.
- : entry into a country of goods or services from another country
- : an immediate expenditure intended to increase the wealth of the person incurring it in the long term
- : to be prudent in spending, to set aside money for a particular purpose.
- : It is a practice to record all the flows, expenses and revenues of the company.
- : means the positive change in the production of goods and services in an economy over a given period.
- : the situation of a person who wants to work and has the capacity to do so, but finds himself or herself jobless in spite of searching.
20 Clues: : a person who starts a business • : decrease in the general price level • : Rising prices of goods and services. • : Excess of expenditure over earnings. • : A sharp downturn in general economic activity. • : It is a fraction of the capital of a listed company • : periodic payment, paid by an employer to a salaried employee • ...
Economics 2021-03-24
Across
- a short supply of stuff
- having a lot of supplies and certain type
- The choice of where people work and live
- keeping people safe like the cops
- the thing of treating people fairly
- a person who sells goods and services
- goods bought and used by consumers rather then manufactured
- a stock or supply of money and materials
Down
- a community using more scarce things
- a stock exchange
- part of the earth with no water covering it
- hunting fishing farming and gathering
- physical work
- of production the building blocks of the economy The wealth and resources in a country
- something that is made / grown
- a stock market
- An expert at something
- It minimizes the waste of resources such as physical materials, energy
- a person who purchases goods
- a public need like transport water electricity
20 Clues: physical work • a stock market • a stock exchange • An expert at something • a short supply of stuff • a person who purchases goods • something that is made / grown • keeping people safe like the cops • the thing of treating people fairly • a community using more scarce things • hunting fishing farming and gathering • a person who sells goods and services • ...
economics 2021-05-29
Across
- go into debt
- a safe place to keep your money
- a company or financial institution to borrow money from
- the money you are charged when you borrow money
- ensures that companies treat investors fairly
- the ability of a customer to obtain goods or services before payment
- always keep these when buying a service or good
- insures all accounts below $250, 000
- your standard of living when you use credit
- the action of buying or selling something, a business deal
- year mortgage will reduce the amount of interest you pay
- the protection or promotion of the interest of consumers
- buying or paying for a good or service
Down
- a person who buys a good or service
- a home will increase in value over time
- spend your disposable income on first
- are not part of your disposable income
- to have a safe product
- makes sure that consumer rights are protected
- stocks that have the highest risk, but the best potential for rewards
- account that offers no/low minimum deposits, low interest
- a conclusion or resolution reached after consideration
- are less risky than stocks
- consumers should always be aware before any large purchase
- considered in relation to trade
25 Clues: go into debt • to have a safe product • are less risky than stocks • a safe place to keep your money • considered in relation to trade • a person who buys a good or service • insures all accounts below $250, 000 • spend your disposable income on first • are not part of your disposable income • buying or paying for a good or service • a home will increase in value over time • ...
ECONOMICS 2021-10-04
Across
- bank charges, employee wages and utility costs
- shows the combined quantity supplied of goods at different prices
- a table that shows the quantity supplied at different prices in the market
- the responsiveness to the supply of a product after its price changes
- costs of rent, salary and taxes
- example is the control over the sale of Tobacco
- the amount of a good that sellers are willing to sell and are able to sell
Down
- company's increase in total production when one additional unit of labor is added
- states that adding an additional factor of production results in smaller increases in output
- table that shows the quantity supplied at each price
- costs of raw materials, electricity and gas
- an example is when a cake shop increases the number of cakes they supply when the price incresed
- an example is when a 10 cups of coffee costs $10 and to made another cup it would costs $0.80
- sum of fixed cost and variable cost
- graphical representation of the quantity of the product that a supplier is willing to offer at any given price
- measurements that describe economic units
- commonly levied on cigarettes, alcoholic beverages and gasoline
- transfer of money from the government to an entity
- to provide something that is wanted or needed
- level of production in which marginal product of labor increases as the number of workers increases
- the additional income generated from the sale of one more unit of good or service
21 Clues: costs of rent, salary and taxes • sum of fixed cost and variable cost • measurements that describe economic units • costs of raw materials, electricity and gas • to provide something that is wanted or needed • bank charges, employee wages and utility costs • example is the control over the sale of Tobacco • transfer of money from the government to an entity • ...
Economics 2022-01-22
Across
- human resources available in an economy;
- selection; where information failure results in someone who is unsuitable obtaining insurance;
- good; one that has adverse side eff ects when consumed;
- the creation of capital goods;
- economy; one where market forces and government, private and public sectors are involved in resource allocation decisions;
- a situation where society knows best and has some right to make a value judgement;
- system; the means by which choices are made in an economy;
- natural resources in an economy
- of resources; where resources are deliberately moved from one product to another;
- mobility; the ease by which factors of production can be moved around;
- needs that are not always realised;
- mechanism; where decisions on price and quantity are made on the basis of demand and supply alone;
- the process of creating goods and services in an economy;
- debt obligations;
- good; goods that have some but not all of the characteristics of public goods;
- as more consume, the benefit to those already consuming is not diminished;
- a man-made aid to production;
- of labour; where a manufacturing process is split into a sequence of individual tasks;
- of production; anything that is useful in the production of goods and services;
- hazard; the tendency for people who are insured or otherwise protected to take greater risks;
- organises production and is willing to take risks;
- anything that is generally acceptable as a means of payment;
- a situation in which wants and needs are in excess of the resources available;
- growth; represented by a shift outwards of the production possibility curve;
Down
- inputs available for the production of goods and services;
- economy; one that has a low income per head;
- possibility curve; a simple representation of the maximum level of output that an economy can achieve when using its existing resources in full;
- where buyers and sellers get together to trade
- where it is possible to exclude one from consumption;
- rider; someone who does not pay to use a public good;
- the extent to which there is an adequate supply of assets that can be turned into cash;
- consumption; the capital required to replace that which is worn out;
- the process by which individuals, firms and economies concentrate on producing those goods and services where they have an advantage over others;
- where consumption by one person reduces availability for others;
- or planned economy; one where resource allocation decisions are taken by a central body;
- statement; one that is based on empirical or actual evidence;
- statement; one that is subjective about what should happen;
- the process by which consumers satisfy their wants;
- where it is not possible to stop all benefiting from consumption;
- structure; the way in which an economy is organised in terms of sectors;
- economy; one where most decisions are taken through market forces;
- good; one that is non-excludable and non-rival and for which it is usually diff icult to charge a direct price;
- cost; the cost expressed in terms of the best alternative that is forgone;
- failure; where people do not have full or complete information;
- money; non-cash assets that can be quickly turned into cash;
- goods; consumed by someone and not available to anyone else;
- run; time period when all factors of production are variable;
- underpins the concept that resources are scare so choices have to be made by consumers, firms and governments;
- run; time period when a firm can only change some and not all factor inputs;
- long run; time period when all key inputs into production are variable;
- good; one that has positive side eff ects when consumed;
51 Clues: debt obligations; • a man-made aid to production; • the creation of capital goods; • natural resources in an economy • needs that are not always realised; • human resources available in an economy; • economy; one that has a low income per head; • where buyers and sellers get together to trade • organises production and is willing to take risks; • ...
economics 2022-02-01
21 Clues: clue6 • clue4 • clue7 • india • clue2 • goods • clue8 • clue3 • clue5 • clue8 • clue1 • clue9 • clue10 • clue13 • clue18 • clue14 • clue17 • clue20 • clue15 • clue12 • clue16
economics 2022-02-17
Across
- products that increase the use of other products; products related in such a way that an increase in the price of one reduces the demand for both
- principle that more will be offered for sale at higher prices than at lower prices
- branch of economic theory that deals with behavior and decision making by small units such as individuals and firms
- something that motivates
- production period long enough to change the amount of variable and fixed inputs used in production
- case of demand elasticity where the percentage change in the independent variable (usually price) causes a less than proportionate change in the dependent variable (usually quantity demanded or supplied)
- type of elasticity in which a change in the independent variable (usually price) results in a larger change in the dependent variable (usually quantity demanded or supplied)
- product total output or production by a firm
- combination of quantities that someone would be willing and able to buy over a range of possible prices at a given moment
- situation where quantity supplied is greater than quantity demanded at a given price.
- broad category of fixed costs that include interest, rent, taxes, and executive salaries
- the monetary value of a product
- competing products that can be used in place of one another; products related in such a way that an increase in the price of one increases the demand for the other
Down
- electronic business or exchange conducted over the Internet
- a graph that shows the quantities supplied at each and every possible price in the market
- situation where quantity supplied is less than quantity demanded at a given price
- production period so short that only variable inputs (usually labor) can be changed
- that portion of a change in quantity demanded caused by a change in a consumer’s income when the price of a product changes
- fuel made from wood, peat, municipal solid waste, straw, corn, tires, landfill gases, fish oils, and other waste
- government payment to encourage or protect a certain economic activity
- system of allocating goods and services without prices
- extra output due to the addition of one more unit of input
- graph showing the quantity demanded at each and every possible price that might prevail in the market at a given time
- amount of a product offered for sale at all possible prices in a market at a given point in time
- costs of production that do not change when output changes
25 Clues: something that motivates • the monetary value of a product • product total output or production by a firm • system of allocating goods and services without prices • extra output due to the addition of one more unit of input • costs of production that do not change when output changes • electronic business or exchange conducted over the Internet • ...
Economics 2022-02-23
Across
- an economic system in which deprivation occurs (7,4)
- Produces a negative externality(7,4)
- The reward for Capital (8)
- How well an economy is using available resources and technology during production (3)
- Everything else remains the same (7,7)
- A certain percentage of profits given out to the shareholders of a company (8)
- CEO of Shopee (5,4)
- finds value only in scarce commodities (9)
- Causes a shift in the demand curve (6,2,10)
- One of the most common market failures (8,13)
- when two firms dominate the market (7)
- Excess in supply (8)
Down
- The rate of increase in price over time (9)
- The PED coefficient is almost always… (8)
- the value of the shares which are issued by a company. (6)
- The name of a severe worldwide economic depression that happened during the 1930s after a stock market crash(3,5,10)
- A period of temporary economic decline where the trade and industrial activity are reduced, this is generally identified by a fall in GDP (9)
- When supply outweighs demand (7)
- The growing independence of the world’s economies, cultures and populations (12)
- value of currency expressed in the number of good/services money can buy (10,5)
- - A Term used by the Apple co-founder Steve Jobs to describe an imcompetent employee who could damage a competent company. Jobs recommended hiring “A” players and avoiding “B” players as they would bring in “C” players to make themselves look better, leading to a “explosion”. (4)
- A product/service that can only be possessed by a single user (5)
22 Clues: CEO of Shopee (5,4) • Excess in supply (8) • The reward for Capital (8) • When supply outweighs demand (7) • Produces a negative externality(7,4) • Everything else remains the same (7,7) • when two firms dominate the market (7) • The PED coefficient is almost always… (8) • finds value only in scarce commodities (9) • The rate of increase in price over time (9) • ...
Economics 2022-03-10
Across
- two quarters of negative economic growth in a row.
- the way the decisions made by households and firms interact to decide the allocation of resources.
- government actions or policies to restrict international trade.
- household income over a period of time including state benefits, less direct taxes.
- unemployment caused by long term changes in the pattern of demand and production of an industry.
- a fall in the rate of inflation.
- when government intervention leads to a net welfare loss compared to the free market solution.
- a loan to help buy a house.
- where resources are inefficiently allocated due to imperfections in the working of the market mechanism.
- people aged below school leaving age and above the retirement age of the country.
Down
- a person or organization that receives benefits that others have paid for without making any contributions.
- total expenditure by households on goods and services over a period of time.
- addition to an existing course of plan.
- buying or selling something in the expectation of a future price change and a profit.
- efficiency occurring over time as a result of investment and innovations.
- the study of economy as a whole.
- the cost incurred to or the benefit received to the third party from an economic activity.
- large increases in the price level.
- when a firm splits into two or more independent businesses.
- the process of removing government controls from markets.
20 Clues: a loan to help buy a house. • the study of economy as a whole. • a fall in the rate of inflation. • large increases in the price level. • addition to an existing course of plan. • two quarters of negative economic growth in a row. • the process of removing government controls from markets. • when a firm splits into two or more independent businesses. • ...
Economics 2021-08-16
Across
- person who takes risk for business
- factors of production
- factor of production
- something that is not vital
- cost value lost when alt chosen
- equipment & factories used to produce goods & services
- decision marginal benefits greater than marginal cost
- anything that brings value
- study of choices
- one of the main factors of production
- good tool or equipment to produce other goods
- using all of productive resources
- of labor separating tasks in production
Down
- not using all of your recourses
- exchange act of buying and selling freely
- recourses being limited
- cost change in cost of item
- Method of Distribution
- Benefit additional or extra benefit
- of PPR Land, Labor, Capital
- something workers are good at doing
- anything that takes from something
- something vital
- financial factor influencing a choice
- off related to opportunity cost
- diagram showing max & min of goods
26 Clues: something vital • study of choices • factor of production • factors of production • Method of Distribution • recourses being limited • anything that brings value • cost change in cost of item • something that is not vital • of PPR Land, Labor, Capital • not using all of your recourses • cost value lost when alt chosen • off related to opportunity cost • using all of productive resources • ...
Economics 2021-06-06
Across
- GDP stands for what?
- Largest form of debt most people have?
- excessive increases in demand makes?
- What is the opposite of scarcity?
- Which institution of finance offers great interest rate?
- What is the opposite of price equilibrium?
- Who protects consumer's rights in transactions?
- What is a basic problem in economics.
- Inflation and unemployment combined are?
- Whose power is it to test whether an economic model can benefit society?
- Most common types of credit?
Down
- What is something always sought after?
- What weakness can fiscal policy fix?
- What is the cost of taking on debt?
- What factor has the greatest impact on demand?
- what is the thing that could benefit you by choosing something else?
- Taxes that affect richer people less and poorer people more is what type of taxation?
- which type of unemployment happens because of the time of the year.
- As prices increase, the quantity sold decreases is what law.
- which type of unemployment happens because of wanting a better job?
- Taxes that affect everyone the same way?
- Goods that help everyone?
- what are business people always after?
- if a good has many substitutes, the price is more likely to be what?
- Taxes that affect richer people more and poorer people less is what type of taxation?
25 Clues: GDP stands for what? • Goods that help everyone? • Most common types of credit? • What is the opposite of scarcity? • What is the cost of taking on debt? • What weakness can fiscal policy fix? • excessive increases in demand makes? • What is a basic problem in economics. • What is something always sought after? • Largest form of debt most people have? • ...
Economics 2021-06-09
Across
- The act of a government lowering taxes and lifting restrictions on businesses as a way of jump-starting the economy. Popular during the 1980s.
- (Three words): Term for a state that looks after it’s citizens from birth to death. Associated with Social Democracy.
- (Three words): The two factors which explain how goods and services are priced.
- Economist who explained the economic cycle with inflation and unemployment during booms and busts respectively. Highly influential to FDR during the Great Depression.
- (Two words): Type of economic theory built around deficit spending during times of crisis. High taxation and low spending in prosperous times, and low taxation and high spending during recessions.
- (Two words): The way interest rates are manipulated by governments during times of prosperity or crisis.
- (Two words): Term for a capitalist economy that employs social safety nets and government handouts as a way of making the markets more fair.
- British PM who instituted laissez-faire policies and cut taxes on the wealthy in the 1980s.
- (Two words): Taxation policy where taxes are raised on amounts of money made above a certain threshold. Used primarily in Social Democratic countries.
- (Two words): Economic and political theory used by individuals like Robert Owen. Believed in complete removal of all capital and private property, and that people would work and advance for the good of society. Works in theory, less so in practice.
Down
- (Two words): This motivating factor of capitalism was first developed by Adam Smith. This selfish motivation will promote a better society as others will work harder. For example, when the common person notices that the Rich spend money on luxurious yachts, cars, and homes it motivates the common person to work harder to achieve a better lifestyle.
- (Three words): The cycle that capitalist economies often go through. A period of prosperity followed by a recession before repeating again.
- The amount of money that a government has lost at the end of a year due to being unable to pay back loans.
- (Two words): Economic and political system using a mixed economy and high, progressive taxes. Common in Nordic countries.
- Foundational communist theorist, credited with inventing the movement with his book, titled “The Communist Manifesto”.
- (Two words): Economic crash brought about in 1929 by stock market panic. Only ended by the united effort of World War II.
- Economist who believed that government handouts created “easy money”, and disincentivized people from working and caused them to spend wastefully, rather than invest productively.
- (Two words): Economic crash brought about in 2008 by investors and bankers bundling loans and selling them to subprime borrowers.
- Lack of capital. Systemic problem which communism sought to eliminate.
- American President who played a role in lifting America out of the Great Depression by passing progressive policies.
- Government handout, using taxpayer money to prop up failing businesses. Especially large, “too big to fail” ones.
- (Two words): Type of economic theory built around little government intervention. Belief that wealth in the hands of the rich will “trickle-down” to and benefit the working classes. Synonymous with “Laissez-faire”.
- (Two words): The way governments spend their money and raise/lower taxes during crisis.
- American President who instituted laissez-faire policies and cut taxes on the wealthy in the 1980s.
- (Two words): Nickname for government programs created by Franklin Roosevelt during the Great Depression.
25 Clues: Lack of capital. Systemic problem which communism sought to eliminate. • (Three words): The two factors which explain how goods and services are priced. • (Two words): The way governments spend their money and raise/lower taxes during crisis. • British PM who instituted laissez-faire policies and cut taxes on the wealthy in the 1980s. • ...
ECONOMICS 2022-01-13
Across
- Goods and services produced using land, labor, and capital.
- A person who organizes, manages, and takes on the risks of a business.
- land, labor, capital, entrepreneurship
- the skills and knowledge gained by a worker through education and experience
- gifts of nature - air, soil, minerals, water, forests, plants, animals, birds, & fish.
- Something put into a system, such as resources, in order to achieve a result.
- Time and effort people devote to producing goods and services in exchange for wages.
- tools, buildings, machines
- the process of bringing together the three factors of production - natural resources, labor and capital
- a social science that studies how individuals, firms, government, and nations, make choices using scarce resources to satisfy their unlimited resources
Down
- Cost of the next best alternative use of money, time, or resources when one choice is made rather than another
- the ratio of the quantity and quality of units produced to the labor per unit of time
- resource Resources, such as forests, fresh water, and fish that can be replaced as they are used.
- money used to buy the tools and equipment used in production
- Physical objects such as clothes or shoes
- The result of using resources in a way that produces the maximum amount of goods and services.
- How economists describe the tradeoff or opportunity cost between a nations mix of producing military and civilian goods
- Quality of life based on ownership of necessities and luxuries that make life easier.
- work that is performed for someone by someone else
- resource a resource that cannot be replaced
20 Clues: tools, buildings, machines • land, labor, capital, entrepreneurship • Physical objects such as clothes or shoes • resource a resource that cannot be replaced • work that is performed for someone by someone else • Goods and services produced using land, labor, and capital. • money used to buy the tools and equipment used in production • ...
Economics 2022-04-07
Across
- With what do you call someone?
- sworn in as chairman of the Federal Reserve Board in 2006
- when you you are inflating something what have you done?
- you can buy this with money
- in what did hispanic women have trouble because of their ethnicity and gender?
- it makes you more happy, some say no
- when people don’t have money, what do they do?
- what happens when you invest your money in stocks but haven’t thought it out and invested too much money and now your scared?
- going back
- he will make you like VR
Down
- what happened in zimbabwe?
- he is good with money
- how do you survive
- what did you earn when working in a job?
- which country is not kind to mexicans?
- who was super smart when he was alive?
- They take and give money
- person who likes to look at money and what it does
- when you are inflating something but it is not inflating what is it called?
- in other words the climax
- what is a slang for a Federal bureau agent?
21 Clues: going back • how do you survive • he is good with money • They take and give money • he will make you like VR • in other words the climax • what happened in zimbabwe? • you can buy this with money • With what do you call someone? • it makes you more happy, some say no • which country is not kind to mexicans? • who was super smart when he was alive? • ...
Economics 2017-03-21
Across
- the state of being responsible for something, especially by law.
- A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem.
- is an organization whose purpose is something other than making a profit.
- an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.
- a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
- is the simplest and most common structure chosen to start a business.
- a useful or valuable thing, person, or quality.
- is a type of monopoly that exists as a result of the high fixed costs or startup costs of operating a business in a specific industry.
- the goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution.
Down
- Share of earnings given to a franchise as payment.
- the action or process of differentiating.
- is to divide a municipality into residential, commercial, and industrial districts (or zones), that are for the most part separate from one another, with the use of property within each district being reasonably uniform.
- the situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers.
- secret or illegal cooperation or conspiracy, especially in order to cheat or deceive others.
- an extra benefit supplementing an employee's salary, for example, a company car, subsidized meals, health insurance, etc.
- a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves).
- the maintaining of prices at a certain level by agreement between competing sellers.
- an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.
- a thing used to tie something or to fasten things together.
- the exclusive possession or control of the supply or trade in a commodity or service.
20 Clues: the action or process of differentiating. • a useful or valuable thing, person, or quality. • Share of earnings given to a franchise as payment. • a thing used to tie something or to fasten things together. • the state of being responsible for something, especially by law. • is the simplest and most common structure chosen to start a business. • ...
economics 2017-03-21
Across
- result of high fixed costs/startup costs of a operating business in a specific industry
- distinguishing a product from others, making it more desirable to target market
- portion of corporate profits paid out to stock holders
- extra benefit supplementing an employee's salary
- responsible for something
- state of limited competition, market is shared by small # of producers/sellers
- merchandise kept on the premises of a business available for sale/distribution
- authorization to a individual/group enabling them to carry out specified commercial activities
- raw material/primary ag. product that can be bought/sold
- govt agency/corp. is the sole provider of a particular good/service
- market structure where competition is at its greatest possible level
- govt giving business a sole right to design a product
Down
- has facilities/other assets in at least one other country
- something you own
- share od earnings given as a payment
- maintaining prices at a certain level by agreement between competing sellers
- agreement among firms to divide the market, set prices, or limit productions
- formal contract to repay borrowed money
- manufacturers/suppliers w/ the purpose of maintaining prices at a high level & restricting competition
- law set in a city/town designates separate areas for residency/business
20 Clues: something you own • responsible for something • share od earnings given as a payment • formal contract to repay borrowed money • extra benefit supplementing an employee's salary • govt giving business a sole right to design a product • portion of corporate profits paid out to stock holders • raw material/primary ag. product that can be bought/sold • ...
Economics 2018-04-12
Across
- economy - Transactions in the underground economy are illegal either because the good or service being traded is illegal or because an otherwise licit transaction does not comply with government reporting requirements.
- resources- It includes patents, copyrights, franchises, goodwill, trademarks, trade names, the general interpretation also includes software
- - the effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.
- is one of the three factors of production. The others are land, and labor.
- resources - the resources used to make goods and services (i.e., natural resources, human resources and capital goods.
- system- system that relies on customs, history and time-honored beliefs
- land- land belonging to the British Crown. Land belonging to the state in some parts of the Commonwealth.
- - political philosophy, movement, or regime that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition.
- payments- payment made or income received in which no goods or services are being paid for, such as a benefit payment or subsidy.
- for enterprise - The systems used within the organization. Generally refers to the primary architecture
- a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
- sovereignty - the situation in an economy where the desires and needs of consumers control the output of producers.
- a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
- economy - an economic system combining private and public enterprise
- –A country run by absolute authority in any sphere.
- capital- already-produced, durable goods or any non-financial asset that is used in production of goods or services
- debt - defined as how much a country owes to lenders outside of itself
- recourses- include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory.
Down
- enterprise- business or industry that is managed by independent companies or private individuals rather than by the state.
- capital- is used simply to purchase goods and services for consumption; capital is more durable and is used to generate wealth through investment.
- the activity of setting up a business or businesses, taking on financial risks in the hope of profit
- - an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
- of payment accounts - the record of all economic transactions between the residents of the country and of the world in a particular period
- - the general level of prices in an economy going down.
- - patriotic feeling, principles, or efforts
- of production - is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit.
- - a system of government by the whole population or all the eligible members of a state, typically through elected representatives.
- especially hard physical work.
- added- the amount by which the value of an article is increased at each stage of its production, exclusive of initial costs.
- materials- the basic material from which a product is made.
- economy - economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses.
- economy - an economy in which production, investment, prices, and incomes are determined centrally by a government.
- cashless economic system in which services and goods are traded at negotiated rates.
- -a general increase in prices and fall in the purchasing value of money.
- system- the means by which countries and governments distribute resources and trade goods and services. They are used to control the five factors of production, including: labor, capital, entrepreneurs, physical resources and information resources.
- comprises all naturally occurring resources as well as geographic land. Examples include particular geographical locations, mineral deposits and forests
36 Clues: especially hard physical work. • - patriotic feeling, principles, or efforts • –A country run by absolute authority in any sphere. • - the general level of prices in an economy going down. • materials- the basic material from which a product is made. • economy - an economic system combining private and public enterprise • ...
Economics 2018-01-29
Across
- You need food. But, you ___ pizza
- Money that is used to buy stuff
- Water is more valuable than a diamond. But, diamonds cost more
- Work carried out for someone
- Physical and mental human effort used to make a product
- Everyone relies on eachother
- Person who buys goods or services to satisfy needs and wants
- Requirements for survival
- Anything a business buys that they don't make themselves
- Money that you make
Down
- Limited resources/Unlimited needs and wants
- Four things we need to make stuff
- Individual people, families, and businesses
- Process of creating goods and services
- A good that lasts for three years or more
- Physical items that people purchase
- Things that come from nature
- Study of scarcity
- Output of goods and services increase over time
- How useful something is
- Location or network that allows buyers and sellers to exchange economic products
21 Clues: Study of scarcity • Money that you make • How useful something is • Requirements for survival • Work carried out for someone • Things that come from nature • Everyone relies on eachother • Money that is used to buy stuff • You need food. But, you ___ pizza • Four things we need to make stuff • Physical items that people purchase • Process of creating goods and services • ...
Economics 2017-07-28
Across
- the movement of a business process done at a company in one country to the same or another company in another different country
- The aggregate of all human physical and mental effort used in creation of goods and services
- materials that satisfy human wants and provide utility
- the belief that economies and businesses function best when there is no interference by the government
- any business that uses components parts or raw materials to make a finished good
- The freedom to prosper within a country without intervention from a government oreconomic authority individuals are free to secure and protect hisher human resources labor and private property
- distinguishable from public property which is owned by a state entity and from collective (or cooperative) property which is owned by a group of non-governmental entities
- an economy in which production investment prices and incomes are determined centrally by a government
- an original economic system in which traditions customs and beliefs help shape the goods and the services the economy produces as well as the rules and manner of their distribution countries that use this type of economic system are often rural and farm-based
- an economic system combining private and public enterprise
- international movement of people into a destination country of which they are not natives or where they do not possess citizenship in order to settle or reside there
- an economic activity where an immaterial exchange of value occurs
- an economic measure of a negative balance of trade in which a country's imports exceeds its exports
Down
- many excess assets including income profits capital and goods
- a practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally
- the motivation of firms that operate so as to maximize their profits
- the economy of the world considered as the international exchange of goods and services that is expressed in monetary units of account (money)
- an economic measure of a positive balance of trade where a country's exports exceed its imports
- a system in which the prices for goods and services are determined by the open market and consumers in which the laws and forces of supply and demand are free from any intervention by a government price-setting monopoly or other authority
- philosopher and economist famous for his ideas about capitalism and communism
- the means by which countries and governments distribute resources and trade goods and services
- the capitalist class who own most of society's wealth and means of production
- the social class that does not have ownership of the means of production and whose only means of subsistence is to sell their labor power for a wage or salary
- one of the world's most famous economists modern capitalism owes its roots to him
24 Clues: materials that satisfy human wants and provide utility • an economic system combining private and public enterprise • many excess assets including income profits capital and goods • an economic activity where an immaterial exchange of value occurs • the motivation of firms that operate so as to maximize their profits • ...
ECONOMICS 2018-11-11
Across
- properties
- lack of resources
- employees
- opposite of equilibrium
- paribus latin phrase meaning “other things equal”
- measure of a variable’s sensitivity to a change in another variable
- market that is dominated by only a few large firms
- market structure characterized by single seller
- second branch of economics
- goods that producers are willing to provide
- utility consumer gains from consuming one good
Down
- desires
- consumers willingness to pay a price for a good
- state where supply and demand are balanced
- first branch of economics
- necessities
- greek prefix word “mikro”
- process of combining various materials
- investment
- income of employees
20 Clues: desires • employees • properties • investment • necessities • lack of resources • income of employees • opposite of equilibrium • first branch of economics • greek prefix word “mikro” • second branch of economics • process of combining various materials • state where supply and demand are balanced • goods that producers are willing to provide • ...
Economics 2016-05-19
Across
- financial gain made in a transaction
- the point of balance between price and quantity
- the effort that a person devotes to a task for which that person is paid
- any human-made resource that is used to produce other goods and services
- all other things held constant
- businesses that specialize in trading stocks
- consumers decide what gets produced
- one's own personal gain
- to sell state-owned firms to individuals
- the additional cost of producing one more unit of output
- combination of two or more companies into a single firm
- sudden shortage of a good
- physical objects such as shoes or shirts
- tax on the production or sale of a good
Down
- a product that is the same no matter who produces it
- claims on property or income, securities
- high-yield securities, are lower-rated, and potentially higher-paying
- any factor that makes it difficult for a new firm to enter a market
- something necessary for survival
- costs of production such as air and water pollution
- price ceiling placed on rents
- an investment report
- increase in income causes demand for these goods to fall
- the right to sell a good or service within an exclusive market
24 Clues: an investment report • one's own personal gain • sudden shortage of a good • price ceiling placed on rents • all other things held constant • something necessary for survival • consumers decide what gets produced • financial gain made in a transaction • tax on the production or sale of a good • claims on property or income, securities • to sell state-owned firms to individuals • ...
Economics 2019-03-29
35 Clues: Cost • CPI. • QNHS • Used • Long • high • Store • shift • short • tools • Study • money • money • shift • worst • extra • Income • Quality • Convert • leakage • workers • deposits • Superior • everyone • downward • Domestic • Increase • quantity • Injection • recession • Long-run. • Liquidity • fluctuates • refinancing • stabalisers
Economics 2012-05-23
Across
- are the raw materials provided by our environment
- electronic funds transfer at point of sale.
- scarcity not enough resources to satisfy all needs and wants ie resources are scarce in relation to how much we would like to have them
- durable goods goods which don’t last long eg food
- using the raw materials from the land
- of demand states that producers will want to make a product that can be sold for a high price and a great profit.
- converting the raw materials to other products through manufacturing
- giving something up in order to receive something else that we want to have
- goods goods that cannot be easily replenished
- people who buy goods or pay for services
- the talents possessed by people
- is someone who manufactures goods and services
- a business which receives and lends money to the public at a profit and which is guaranteed by the government.
- how a nation chooses to generate and distribute wealth
Down
- goods and services that people think are the necessities of life eg food, clothing, shelter
- the physical resources produced by humans to produce other goods and services eg machinery, buildings
- tasks that are performed for other at a cost eg hair cut
- transferring the goods to the community
- cost is the loss of opportunity to buy the next best thing
- tender money used in a country which is legally authorised by the government.
- resource something that can be used to generate wealth ie the factors in the production of goods and services-
- are the goods and services that assist us to enjoy a good standard of living.eg DVD,
- goods goods that can be replenished-water
- the people in a company who make the major decisions
- Price price at which the consumers are willing to buy and the producers are willing to sell
- the study of how wealth is created and distributed.
- goods goods which last are meant to last a long time eg washing machine
- visible/ tangible things that people buy eg TV
- money used in a country which is legally authorised by the government.
29 Clues: the talents possessed by people • using the raw materials from the land • transferring the goods to the community • people who buy goods or pay for services • goods goods that can be replenished-water • electronic funds transfer at point of sale. • goods goods that cannot be easily replenished • visible/ tangible things that people buy eg TV • ...
Economics 2013-12-12
Across
- The last factor of production (human skill and effort)
- Machinery and technology aspect of production
- Involves the process of 'manufacturing', 'processing' and 'refining'
- Things that are necessary to survive
- Production of goods and services
- These people don't have a home like you and me
- Involves the process of 'extraction' and 'production of raw materials'
- Items that you can see and touch
- Activities that blend economic resources to create goods and services
- An exchange of a good and service for another
- Things done for you by others
Down
- Doing the things you want with your own effort
- Spending all your time and resources on one task
- A token with an agreed value that can be exchanged for goods and services
- One big issue in the world
- Things that are no essential to live
- Where raw materials come from
- You are one whenever you go shopping
- Any source of supply used for your own benefit
- Limited amount of resources
- Creates new ideas
21 Clues: Creates new ideas • One big issue in the world • Limited amount of resources • Where raw materials come from • Things done for you by others • Production of goods and services • Items that you can see and touch • Things that are no essential to live • Things that are necessary to survive • You are one whenever you go shopping • Machinery and technology aspect of production • ...
Economics 2015-05-21
Across
- what is the term that refers to the people and firms that use resources to make goods and services?
- what is the term that is used when money is transferred into a financial account?
- of someone elses funds in exchange for a promise to pay back with interest
- price/ What is the term used when both producers and consumers are satisfied with the market price?
- that is generally accepted as a medium of exchange in which to buy goods and services.
- goods/What is the term that refers to the replacement of a good?
- what is the situation where people are willing to work but do not have jobs?
- who is the person who organizes, manages a business?
- possibility curve/ what does PPC stand for?
- what is the condition that refers to unlimited wants and limited resources?
- cost/ What is the term that refers to the next best alternative that must be given up when a choice is made?
- is the term that involves very small numbers of sellers and high market power?
- purchase of security, such as a stock or bond for profit
- is the term that involves large number of buyers and small number of sellers?
- cost/ total cost divided by output
- what is the term that refers to the quantity and quality of human effort available to produce goods and services?
- that relies essentially on the growth and nurturing of plants
- or services produced in one nation but sold to other nations
- what is the term that refers to the goods that are required to assist the production of other goods and services/Capital
- of living/Degree of wealth and material comfort available to a person or community
- state of having paid work
- what is the term used when a country buys production of goods or services from another country?
- what is the term that refers to the type of loan that is used to purchase a house?
- rate/ What is the term used when the rate of one country's currency is exchanged for the currency of another country?
- income/ What is the term that refers to the total income received from all sources?
- is the total number of groups the Consumer Price index regime consist of?
- type of elasticity is cigarettes?
- what is the term that refers to the decrease in prices of goods and services over a period of time?
- what is the term that refers to the activities that satisfy people's wants?
- tax on an imported good
- what is the term that refers to the objects that satisfy people's wants?
- inflation/ What is the situation when there is excess demand and widespread shortages?
- rates/ Australia's ____ is currently sitting at 2.25%
Down
- what is the term that refers to the value of all finally goods and services produced in a year?
- is the term that is used when the government assists companies by giving them money?
- when a country has a negative GDP the country is likely to be experiencing a_____.
- quantity supplied exceeds the quantity demanded
- is the term that refers to the rapid increase in prices of goods and services over a period of time. 43 words/
- Competition/What is the term that involves a a lot of competition between firms, each producing a similar product?
- profit-seeking organizations that use resources to produce goods and services
- income/What is the term that refers to the amount of money available after income taxes?
- what is the term that refers to the value of a good or service?
- spending/Purchase of consumer goods and services
- who use resources to make goods and services
- Growth/What is the term that refers to the increase in the total output of a nation?
- policy/ What is the policy that controls interest rates?
- curve/ What is the graphical representation used to measure the distribution of income?
- what is the term that refers to the increase in prices of goods and services over a period of time?
- GDP/ What type of GDP measures the actual change in volume of goods and services produce?
- or services brought from sellers in another nation
- goods/ What is the term that is used when goods can be used together?
- event/Drought, flood and fires all fall under the category of a
- what is the term that is used to describe the price in which determines how much producers are willing to provide?
- Tax/Taxes paid by households and businesses on lands and buildings
- coefficient/ What is the term that refers to the measure of degree of equality in the distribution of income?
- what is the term that is used to describe the price in which determines how much consumers are willing to buy?
- what is the main source of government revenue?
- policy/What is he term used when the government decides to change the tax rates?
- Demand/Total demand for a country’s output
- financial gain
- Resources/Oceans, air and minerals are all types of______.
61 Clues: financial gain • tax on an imported good • state of having paid work • type of elasticity is cigarettes? • Demand/Total demand for a country’s output • possibility curve/ what does PPC stand for? • cost/ total cost divided by output • who use resources to make goods and services • what is the main source of government revenue? • ...
Economics 2015-05-13
Across
- provide information about ability to control expenses and to earn a return on the resources committed to the business
- It is a tax on imports or exports
- If a certain firm is the only one that can produce a certain goodsor service
- Risk to financial or other institutions from inadequate or failed internal processes, people and systems or from external events.
- It is an amount of money that is spent on something
- the state of being a partner in business
- A ... year is a period used for calculating annual financial statements in businesses and other organizations
- ... tax is the name given to various taxes which arises on the death of an individual
- Revenue minus total cost.
- an amount of money that we use to start a business or to put in a bank
- In financial accounting, an ... is an economic resource
- It is a payment made by a corporation to its shareholders, usually as a distribution of profits
- Real-world information recorded as numerical values.
- an organisation which keeps money safely for its customers
- in modern tax systems tax rate is usually formd as ...
- typy of tax in Poland where company pay same amount of money every onth
- a person who has or holds something
Down
- a person who has or hold something
- a large business company
- financial charge or other levy imposed upon a payer
- The sum of the fixed costs and the variable costs.
- Exposure to uncertainty in economic value that cannot be marked-to-market.
- a business company selling goods or services
- the act of joining two or more companies together
- The process of finding relative or absolute extreme points.
- study of the economic choices made by individual economic units such as consumers, households and firms etc.
- an action when somebody buy something
- The actual price that a consumer pays for one unit of goods or services.
- the social science that seeks to describe the factors which determine the production, distribution and services
- amount of a good or service that a producer is willing and able to offer for sale at each possible price.
- It is an individual or institution that legally owns a share of stock in a public or private corporation.
- personal income tax
- It is monetary compensation paid by an employer to an employee in exchange for work done
- ... duty- is a tax that is levied on documents
- the amount of money that something is worth
- ... tax- taxes intermediate and possibly capital goods
36 Clues: personal income tax • a large business company • Revenue minus total cost. • It is a tax on imports or exports • a person who has or hold something • a person who has or holds something • an action when somebody buy something • the state of being a partner in business • the amount of money that something is worth • a business company selling goods or services • ...
Economics 2015-05-21
Across
- Every 10% of income distributed
- A type of market structure that have several firms in the industry and has strong market power
- A point on the business cycle where GDP is going up slowly
- Unlimited wants and needs but not enough resources
- CPI that excludes volatile items
- A type of measure for inflation
- Events such as cyclones, droughts and floods
- Also known as personal income tax
- A point on the business cycle where the GDP is high
- Goods or services bought from sellers in another country
- Natural resources that are used to produce goods and services
- A supply factor that affects GDP
- One firm in the industry
- When prices are generally falling over a period of time
- A type of market structure that have a few firms in the industry
- All buildings, equipment and human skills used to produce goods and services
- Goods or services produced in one country but sold to buyers in another country
- A supply factor that can affect the cost of production of the business
- Another word for limited
- A level of income which people cannot enjoy access to basic needs
- A demand factor in which one product can replace another product
- Payments received by businesses from selling goods and services
Down
- A type of policy that includes taxes
- A situation where prices rise very quickly and go out of control
- Another word for unlimited
- A factor in the AD formula
- A point on the business cycle where GDP is falling slowly
- A point on the business cycle where the GDP of a country is negative
- Part of the lorenz diagram that shows the degree of income or wealth quality or inequality
- 80% of a business cost
- When consumers and producers are satisfied with the price
- A demand factor that can increase GDP
- A level of poverty that is experienced when there is a serious deprivation of basic needs
- When people are willing and able to work but do not have jobs
- Gross domestic product
- A number between 0-1 that measures the equality of the distributional income
- A type of policy that includes interest rates
- A measure of resource efficiency
- Every 20% of income distributed
- Refers to a rise in the level of prices for goods and services over a period of time
40 Clues: 80% of a business cost • Gross domestic product • One firm in the industry • Another word for limited • Another word for unlimited • A factor in the AD formula • Every 10% of income distributed • A type of measure for inflation • Every 20% of income distributed • CPI that excludes volatile items • A supply factor that affects GDP • A measure of resource efficiency • ...
Economics 2015-05-07
Across
- A type of cloth or woven fabric.
- To work, especially work hard.
- An estimate of expected income and spending over time.
- There is not an unlimited supply of resources, so sometimes the things that we want are unavailable.
- You depend on other people for other things.
- Economy People can freely buy and trade goods and services. The price of each good or service is determined not by the government but by demand.
- Increase in prices for goods and services over time.
- A system of exchange like money.
- Money that is given to someone and expected to be payed back at some point.
- A fee for borrowing money.
- How much of something people want.
- A fee charged by the government on a product, income, or activity.
Down
- The ability of a customer to obtain goods or services before payment.
- How much of something is available.
- Amount required as payment for good/service.
- of Labor Workers perform specific tasks and put it all together to make a product.
- To exchange/swap goods or services for other goods or services.
- An economic system where how much money people have determines on their income; people make profit on the goods or services they provide.
- Synonym for Trading.
- An economic system where the government has control what goods and services people can have and how much they can have. Everything is owned by everyone, and there are no “social classes.”
- Something you have to have; you can't live without.
- Something you would like to have, but it is not necessary for survival.
- Management of money.
- The money you receive.
- The payment that was paid; directly comes out of checking account.
- Owing money that is overdue
26 Clues: Synonym for Trading. • Management of money. • The money you receive. • A fee for borrowing money. • Owing money that is overdue • To work, especially work hard. • A type of cloth or woven fabric. • A system of exchange like money. • How much of something people want. • How much of something is available. • Amount required as payment for good/service. • ...
Economics 2014-05-10
Across
- The change in total cost when one unit of output is produced
- If demand is _______ total revenue is constant
- Represents the choice making behavior of sellers
- The father of modern economics and wrote Wealth of Nations
- The opportunity costs of using resources owned by the firm
- When the % change in quantity demanded is greater than the % change in price
- Payments to nonowners of a firm for their resources
- The responsiveness, or sensitivity, to a change in price
- A period of time so short that there is at least one fixed input
- meaning "all else remains the same"
- Something that happens when competition is lacking
- Inverse relationship b/w price & quantity means they move in _____ direction
Down
- If demand is _____ total revenue decreases
- The minimum profit necessary to keep a firm in operation
- externality that is detrimental to third parties
- Summation of the individual demand schedules in a market
- Externality that is beneficial to third parties
- Total revenue minus total explicit costs
- Price where the quantity demanded and the quantity supplied are equal
- If demand is ______ total revenue increases
- legally established maximum price a seller can charge
- The % change in the quantity demanded is less than the % change in price
- represents the choice making behavior of buyers
- A legally established minimum price a seller can be paid
24 Clues: meaning "all else remains the same" • Total revenue minus total explicit costs • If demand is _____ total revenue decreases • If demand is ______ total revenue increases • If demand is _______ total revenue is constant • Externality that is beneficial to third parties • represents the choice making behavior of buyers • externality that is detrimental to third parties • ...
Economics 2014-05-10
Across
- A cost or benefit imposed on people other than the consumers and producers of a good or service
- A curve or schedule showing the various quantities of a product sellers are willing to produce and offer for sale at possible prices during a specified period of time, ceteris paribus
- Human made goods that are used to produce other goods and services
- A mechanism that uses the forces of supple and demand to create an equilibrium through rising and falling prices
- The principle that the opportunity cost increases as production of one output expands
- Any arrangement in which buyers and sellers interact to determine the price and quality of goods and services exchanged
- A market condition existing at any price where the quantity supplied is greater than the quantity demanded
- The mental and physical capacity of workers to produce goods and services
- A market condition existing at any price at where the quantity supplied is less than the quantity demanded
- The condition in which human wants are forever greater than the available supply of time, goods, and resources
- The ability of an economy to produce greater levels of output, represented by an outward shift of its production possibilities curve
- A legally established maximum price a seller can charge
Down
- A movement between points along a stationary supply curve, ceteris paribus
- An examination of the effects of additions to or subtractions from a current situation
- A curve that shows the maximum combinations of two outputs an economy can produce in a given period of time with its available resources and technology
- The branch of economics that studies decision making for the economy as a whole
- The body of knowledge applied to how goods are produced
- A good or service with two properties (1) users collectively consume benefits and (2) there is no way to bar people who do not pay (free riders) from consuming the good or service
- A situation in which market equilibrium results in too few or too many resources used in the production of a good or service. This inefficiency may justify government intervention.
- The branch of economics that studies decision making by a single individual, household, firm, industry, or level of government
- A legally established minimum price a seller can be paid
- The accumulation of capital, such as factories, machines, and inventories, that is used to produce goods and services
- A market condition that occurs at any price and quantity at which the quantity demanded and the quantity supplied are equal
- Any natural resource provided by nature that is used to produce goods and services
24 Clues: The body of knowledge applied to how goods are produced • A legally established maximum price a seller can charge • A legally established minimum price a seller can be paid • Human made goods that are used to produce other goods and services • The mental and physical capacity of workers to produce goods and services • ...
Economics 2016-03-08
Across
- includes all natural resources
- Analysis Aid to decision making.
- cost a decision to value the next best alternative
- are work that one person performs for another payment.
- are desires that can be satisfied by consuming a good or service
- Give up and make an economic choice
- benefits offered to encourage people to act in certain ways
- is all human time, effort, and talent
- the study of how people choose to use scarce resources to satisfy their wants.
- are things, such as food, clothing, and shelter, that are necessary for survival.
- a person who buys goods or services
- the situation that exists when there are not enough resources to meet human wants.
Down
- the benefits or satisfaction gained from the use of a good or service.
- are physical objects that can be purchased.
- is all resources made and used by people to produce
- is the combination of vision, skill, ingenuity, and willingness to take risk that is needed to create and run new business
- of Production the economic resources needed to produce goods and services.
- to make decisions according to what you believe is the best combination.
- a person who makes goods or provides services.
- Benefit refers to the benefit or satisfaction received from using one or more unit of a good or service
20 Clues: includes all natural resources • Analysis Aid to decision making. • Give up and make an economic choice • a person who buys goods or services • is all human time, effort, and talent • are physical objects that can be purchased. • a person who makes goods or provides services. • cost a decision to value the next best alternative • ...
Economics 2016-03-08
Across
- includes all natural resources
- the situation that exists when there are not enough resources to meet human wants.
- is the combination of vision, skill, ingenuity, and willingness to take risk that is needed to create and run new business
- a person who makes goods or provides services.
- the study of how people choose to use scarce resources to satisfy their wants.
- the benefits or satisfaction gained from the use of a good or service.
- are physical objects that can be purchased.
- benefits offered to encourage people to act in certain ways
Down
- is all resources made and used by people to produce
- to make decisions according to what you believe is the best combination.
- a person who buys goods or services
- is all human time, effort, and talent
- are desires that can be satisfied by consuming a good or service
- Analysis Aid to decision making.
- are things, such as food, clothing, and shelter, that are necessary for survival.
- cost a decision to value the next best alternative
- are work that one person performs for another payment.
- of Production the economic resources needed to produce goods and services.
- Benefit refers to the benefit or satisfaction received from using one or more unit of a good or service
- Give up and make an economic choice
20 Clues: includes all natural resources • Analysis Aid to decision making. • a person who buys goods or services • Give up and make an economic choice • is all human time, effort, and talent • are physical objects that can be purchased. • a person who makes goods or provides services. • cost a decision to value the next best alternative • ...
Economics 2015-12-13
Across
- resources are higher than demand
- everyone has a job
- community owns everything
- limited competition, market is shared
- exclusive control of all supplies
- private business operated with no state control
- CPI
- hands off government
- how much goods are being produced
- total satisfaction from a good or service
- cash payment or tax reduction given by government
Down
- not monetary policy but the other one
- total value of goods produced in one year
- used to fix shortages
- the lowest someone can be paid to work per hour
- demand is higher than resources
- used to fix a surplus
- decision making tool to maximize profits
- not fiscal policy but the other one
- in short supply
- government guaranteed benefits
- monetary or fiscal policy changes to help struggling economy
- money is being over printed
- government controls everything
24 Clues: CPI • in short supply • everyone has a job • hands off government • used to fix shortages • used to fix a surplus • community owns everything • money is being over printed • government guaranteed benefits • government controls everything • demand is higher than resources • resources are higher than demand • exclusive control of all supplies • how much goods are being produced • ...
economics 2023-11-14
Across
- organization of workers that tries to improve working conditions and wages
- sells merchandise at reduced prices for their members
- companies reach out to other companies to do a specific job
- a certificate of ownership in a corporation
- movement of company operations to a different country
- business organization owned by two or more people
- demand for labor
- wage rate or price of labor services that is set when demand for workers is met
- business owned and managed by a single individual
Down
- two or more firms competing in the same market with the same good
- all nonmilitary people who are employed or unemployed
- an organized work stoppage intended to force an employer to address union demands
- theory about the relationship between education and wages
- money and other valuables
- authorization from local government to run a business
- business organization owned by a group of people
- legal entity owned by individual stock holders
- formal contract issued by a corporation
- debts
- negotiating labor contracts that keeps unnecessary workers on the company payroll
20 Clues: debts • demand for labor • money and other valuables • formal contract issued by a corporation • a certificate of ownership in a corporation • legal entity owned by individual stock holders • business organization owned by a group of people • business organization owned by two or more people • business owned and managed by a single individual • ...
economics 2023-11-24
Across
- the business of trying to persuade people to buy products or services
- the percentage of an amount of money that is charged or paid by a bank or other financial company
- a balancing of two opposing situations or qualities, both of which are desired
- As opposed to unlimited demand
- useful or attractive together
- Something happen by nature will slowing down or destroying economic growth
- money that is earned from doing work or received from investments
- The government provides money to reduce the prices faced by producers and consumers.
- all the people living in a particular country, area, or place
- the income that a government or company receives regularly
- a tax charged on goods and services rather than on the money that people earn
Down
- products that can satisfy some of the same customer needs as each other
- a business or organization
- to provide something that is wanted or needed, often in large quantities and over a long period of time
- to ask for something forcefully, in a way that shows that you do not expect to be refused
- work, especially the type of work that needs a lot of physical effort
- money that is earned in trade or business after paying the costs of producing and selling goods and services
- next best alternative given up
- the situation in which large numbers of educated and very skilled people leave their own country to live and work in another one where pay and conditions are better
- someone who buys or uses goods or services
20 Clues: a business or organization • useful or attractive together • As opposed to unlimited demand • next best alternative given up • someone who buys or uses goods or services • the income that a government or company receives regularly • all the people living in a particular country, area, or place • money that is earned from doing work or received from investments • ...
Economics 2023-12-07
Across
- Risk-taking individuals who introduces new products or services in search of profits; one of the four factors of production.
- Cost of the next best alternative use of money, time, or resources, when one choice is made rather than another.
- Tangible economic product that is useful, transferable, to others, and used to satisfy needs and wants.
- Tools, equipment, and factories used in the production of goods and services; one of the four factors of production.
- Work or labor performed for someone; economic product that includes haircuts, home repairs, and forms of entertainment.
- Good that lasts for at least three years when used regularly.
- Productive resources needed to produce goods; the four factors are land, capital, labor, and entrepreneurship.
- Item that wears out or lasts fewer than three years when used regularly.
- A visual representation showing the relationship between the factor market (where income is obtained) and the product market (where income is used to make purchases).
Down
- People with all their abilities and efforts; one of the factors of production; does not include the entrepreneur.
- Fundamental economic problem of meeting people’s virtually unlimited needs and wants with scarce resources.
- Social science dealing with how people satisfy seemingly unlimited needs and wants with scarce resources.
- Basic requirement for survival, including food, clothing, and shelter.
- Graph, figure, equation, or diagram used to describe how the economy is expected to perform in the future.
- Something we would like to have but is not necessary for survival.
- Tool, equipment, or other manufactured good used to produce other goods and services; a factor of production.
- Natural resources or “gifts of nature” not created by human effort; one of the four factors of production.
- Increase in a nation’s total output of goods and services over time.
- Measure of the amount of output produced in a specific time period with a given amount of resources; normally refers to labor, but can apply to all factors of production.
- Good intended for final use by consumers other than businesses.
20 Clues: Good that lasts for at least three years when used regularly. • Good intended for final use by consumers other than businesses. • Something we would like to have but is not necessary for survival. • Increase in a nation’s total output of goods and services over time. • Basic requirement for survival, including food, clothing, and shelter. • ...
economics 2024-01-21
Across
- offering that encourages
- legal entity legal stockholder
- right to make
- scarcity
- ambitious leader
- managed by single individual
- business
- nationalincome
- evenly distributed wealth
- money
- maximize production of goods
- opportunity
Down
- consumerexpenditures
- centrally planned economy
- products
- advantage of ability
- using fewer resources
- struggle among producers
- own property
- private ownership
- good or service unavailable
- owned by two or more
- point of underutilization
- given amt of resources
- gap between two produts
25 Clues: money • products • scarcity • business • opportunity • own property • right to make • nationalincome • ambitious leader • private ownership • consumerexpenditures • advantage of ability • owned by two or more • using fewer resources • given amt of resources • gap between two produts • offering that encourages • struggle among producers • centrally planned economy • point of underutilization • ...
Economics 2022-10-27
Across
- health maintenance orginization
- amount of money the insurance gives the beneficiary
- a package that allows employees to select different benefits
- basic type of perminant life insurance which can provide lifetime protection at a level premium
- does not build up cash value
- set fee payed by the policy holder for medical expenses
- a period to sign up for insurance
- the amount that the policy holder mst pay within a specified amount before the insurance will pay the rest
- in case of terminal illness the proceeds of a life insurance policy are paid to offset medical expenses
- cover expenses of bodily damage or death
Down
- mathmatical calculation of how long a culture or group of people live
- a policy issued to one that is expired
- the date which an insurance policy becomes eligible to pay for claims
- applicant with pre existent poor health or or is in substandard physical condition
- this is who gets your life insurance if you die
- federal program to pay the medical needs of the needy
- someone who buys something on your behalf
- pays for your hospital bill
- the cost of the insurance
- insurance policy without a deductable
20 Clues: the cost of the insurance • pays for your hospital bill • does not build up cash value • health maintenance orginization • a period to sign up for insurance • insurance policy without a deductable • a policy issued to one that is expired • cover expenses of bodily damage or death • someone who buys something on your behalf • this is who gets your life insurance if you die • ...
Economics 2024-02-19
Across
- Force The sum of employed plus the unemployed
- A system of value that facilities the exchange of goods in an economy
- Certificates that entitle the holder of the stock to a proportionate share of ownership in a company
- The rate of increase prices over a given period of time
- The increase in the production of goods and services
- A field of applied economics that studies the finaical organizational, market-related, ad enviromental issues
- A form of regulation that is usually set in place by the government to limit the quantity of a good
- The of income not spent or count expenditures
- The system of production, distribution, and consumption of goods and services
- Items that satisfy human wants
Down
- The total amount of a specific good or service that is available to consumers
- The process by which varoius sellers each try to offer better products
- A recipt of funds or assets must have been freely given
- Intermedies between depositors who lend money to the bank and borrowers
- The movement of flow of money through the economy
- The income that firms recieves from the sale of a good or service to its consumers
- The production of goods that will be used to produce other goods
- A medium of exchange for goods and services
- A mandatory payment of charge collected by local state
- A good or service bought in one country that was prepared in another country
20 Clues: Items that satisfy human wants • A medium of exchange for goods and services • Force The sum of employed plus the unemployed • The of income not spent or count expenditures • The movement of flow of money through the economy • The increase in the production of goods and services • A mandatory payment of charge collected by local state • ...
Economics 2024-03-18
Across
- all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa.
- A sole proprietorship is the simplest and most common structure chosen to start a business. It is an unincorporated business owned and run by one individual with no distinction between the business and the owner. You are entitled to all profits and are responsible for all your business's debts, losses and liabilities.
- a financial institution licensed to receive deposits and make loans
- profit is the excess over the returns to capital, land, and labor (interest, rent, and wages).
- the quantity of. money for which one may buy or sell a commodity
- Unions: a nonprofit-making money cooperative whose members can borrow from pooled deposits at low-interest rates.
- the using up of a resource.
- send (goods or services) to another country for sale.
- people, especially the personnel employed by a given company, institution, or the like.
- the natural wealth of a country, consisting of land, forests, mineral deposits, water, etc.
- the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.
- bring (goods or services) into a country from abroad for sale.
- an economy in which production, investment, prices, and incomes are determined centrally by a government
- Tools, machines, and factories used to produce goods.
- is a system that relies on customs, history, and time-honored beliefs.
- the situation in an economy where the desires and needs of consumers control the output of producers.
Down
- A partnership is an arrangement between two or more people to oversee business operations and share its profits and liabilities
- The law of demand states that if all other factors remain equal, the higher the price of a good, the fewer people will demand that good. In other words, the higher the price, the lower the quantity demanded.
- the action of making or manufacturing from components or raw materials, or the process of being so manufactured.
- essentially anyone or anything other than the government. Private property may consist of real estate, buildings, objects, intellectual property (for example, copyrights or patents ).
- the loss of potential gain from other alternatives when one alternative is chosen.
- the propensity of an individual to behave creatively, act with foresight, use intuition, and be alert to new opportunities.
- Competition refers to a situation in a market in which firms or sellers independently strive for the patronage of buyers in order to achieve a particular business objective, e.g., profits, sales and/or market share
- an economic system combining private and public enterprise.
- a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.
- Free enterprise is an economic system that provides individuals the opportunity to make their own economic decisions, free of go.
- an economic system in which prices are determined by unrestricted competition between privately owned businesses.
- the state of being scarce or in short supply; shortage.
- encompasses a wide variety of economic laws and theories that define or explain how an economy attempts to satisfy the unlimited demand in the marketplace with a finite supply of resources available to do so
- A corporation is a legal entity that is separate and distinct from its owners. Under the law, corporations possess many of the same rights and responsibilities as individuals. They can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes.
30 Clues: the using up of a resource. • send (goods or services) to another country for sale. • Tools, machines, and factories used to produce goods. • the state of being scarce or in short supply; shortage. • an economic system combining private and public enterprise. • bring (goods or services) into a country from abroad for sale. • ...
Economics 2024-03-12
Across
- The expenses incurred when starting a new business or project.
- Market structure in which a single seller or producer controls the entire supply of a certain product
- The practice of charging different prices to different customers for the same product or service.
- Competing on factors other than price, such as quality or customer service.
- Group of independent market participants who collude with each other
- Large business organization that controls and dominates a particular industry or market
- The combining of two or more companies into a single entity.
- Market structure in which there are many small firms
- The cost advantages that come with large-scale production.
- Market structure in which a small number of large firms dominate the market
- Perfect competition
- The process of removing government regulations from an industry or sector.
- A business model in which a company grants the right to use its name and sell its products or services to independent operators in exchange for a fee.
- The ability of a company to control the prices and/or quantities of goods or services in a given market.
- A raw material or primary agricultural product that can be bought and sold.
Down
- The process of making a product or service unique in order to distinguish it from competitors.
- A set of exclusive rights granted to an inventor or assignee for a limited period of time in exchange for public disclosure of an invention.
- A legal agreement that grants permission to use a particular product, service, or technology.
- An illegal agreement between companies to restrict competition.
- fixing An illegal agreement between companies to set prices for a product or service.
- A situation in which a single company is the most efficient provider of a product or service due to factors such as economies of scale or the need for a large infrastructure.
- war A situation in which companies repeatedly lower their prices to gain market share.
- Any obstacle that makes it difficult for new companies to enter a market.
- A situation in which a single company or group owns all or nearly all of the market for a given type of product or service.
- A situation in which the government is the sole provider of a particular product or service.
- The practice of lowering prices to drive competitors out of business, after which prices are raised again.
- Laws that are designed to prevent monopolies, promote competition, and protect consumers from anti-competitive practices.
27 Clues: Perfect competition • Market structure in which there are many small firms • The cost advantages that come with large-scale production. • The combining of two or more companies into a single entity. • The expenses incurred when starting a new business or project. • An illegal agreement between companies to restrict competition. • ...
Economics 2024-05-13
Across
- The act of leaving one's job or ceasing to work, typically occurring at an age when individuals have reached a certain level of financial security and choose to no longer participate in the workforce.
- Compulsory financial charges imposed by governments on individuals or businesses to fund public expenditures.
- how, what, for whom?
- Payments made by a corporation to its shareholders as a distribution of profits, usually on a regular basis.
- the type of economy in which the consumer answers the three basic questions
- father of modern economics, wrote the wealth of nations
- Securities that represent ownership in a corporation and entitle the shareholder to a portion of the company's assets and earnings.
- economy in which both consumer and government answer the three basic questions
- The value of the next best alternative foregone when a decision is made. It represents the benefits that could have been gained from choosing an alternative course of action.
- The activity or profession of producing advertisements for commercial products or services, aimed at attracting and persuading customers to purchase those products or services.
Down
- A policy or attitude of letting things take their own course without interfering, particularly used in economics to advocate for minimal government intervention in the economy.
- someone starting and operating a business, taking on financial risks in the hope of profit.
- goods or services that are used together with another good or service. When the price of one complement increases, the demand for its complementary goods may decrease.
- British economist whose ideas fundamentally changed the theory and practice of macroeconomics. Keynes advocated for government intervention in the economy to counteract economic downturns and promote stability.
- A sustained increase in the general price level of goods and services in an economy over a period of time, resulting in a decrease in the purchasing power of money.
- economy in which the government answers the 3 questions
- An economic system characterized by private ownership of the means of production, market competition, and profit motive, with minimal government intervention in the economy.
- A contract that transfers the risk of financial loss from an individual or business to an insurance company in exchange for payment of a premium.
- goods or services that can be used as alternatives to each other. When the price of one good increases, the demand for its substitutes may increase as consumers seek cheaper alternatives
- The process of creating a plan to manage income and expenses over a specific period of time, typically aimed at achieving financial goals and priorities.
20 Clues: how, what, for whom? • economy in which the government answers the 3 questions • father of modern economics, wrote the wealth of nations • the type of economy in which the consumer answers the three basic questions • economy in which both consumer and government answer the three basic questions • ...
Economics 2024-08-05
Across
- refers to the inherently limited nature of society’s resources, given society’s unlimited wants and needs
- curve a graph of the relationship between the prices in the demand schedule and the quantity demanded at each of those prices
- the limiting of one’s work to a particular area
- factors that motivate a person to act or exert effort
- capita GDP GDP per person
- cycle a short‐run fluctuation in economic activity
- the growth in the overall level of prices in an economy
- market condition when the quantity supplied of a good is greater than the quantity demanded; also called excess supply
- the study of the individual units that make up the economy
- rule the rule stating that profit maximization occurs when a firm chooses the quantity of output that equates marginal revenue and marginal cost, or MR = MC
- how easily something can be spent
- money multiplier the rate at which banks multiply money when all currency is deposited into banks and they hold no excess reserves
Down
- a measure of the responsiveness of buyers and sellers to changes in price or income
- paribus meaning “other things being equal,” the concept under which economists examine a change in one variable while holding everything else constant
- costs costs that do not vary with a firm’s output in the short run; also known as overhead
- a payment made by the government to encourage the consumption or production of a good or service
- of account the measure in which prices are quoted
- the study of the overall aspects and workings of an economy
- price the price at which the quantity supplied is equal to the quantity demanded; also known as the market‐clearing price
- curve a graph of the relationship between the prices in the supply schedule and the quantity supplied at each of those prices
- domestic product (GDP) the market value of all final goods and services produced within a country during a specific period
- advantage the situation where an individual, business, or country can produce at a lower opportunity cost than a competitor can
- thinking the evaluation of whether the benefit of one more unit of something is greater than its cost
- the tools and equipment used in the production of goods and services
- of exchange what people trade for goods and services
25 Clues: capita GDP GDP per person • how easily something can be spent • the limiting of one’s work to a particular area • of account the measure in which prices are quoted • factors that motivate a person to act or exert effort • cycle a short‐run fluctuation in economic activity • the growth in the overall level of prices in an economy • ...
Economics 2024-08-24
Across
- durable goods goods which don’t last long eg food
- the talents possessed by people
- are the raw materials provided by our environment
- are the goods and services that assist us to enjoy a good standard of living.eg DVD,
- goods and services that people think are the necessities of life eg food, clothing, shelter
- study of how wealth is created and distributed.
- is someone who manufactures goods and services
- tasks that are performed for other at a cost eg hair cut
- the physical resources produced by humans to produce other goods and services eg machinery, buildings
- converting the raw materials to other products through manufacturing
- Price price at which the consumers are willing to buy and the producers are willing to sell
- money used in a country which is legally authorised by the government.
- a business which receives and lends money to the public at a profit and which is guaranteed by the government.
- scarcity not enough resources to satisfy all needs and wants ie resources are scarce in relation to how much we would like to have them
Down
- goods goods that cannot be easily replenished
- visible/ tangible things that people buy eg TV
- goods goods which last are meant to last a long time eg washing machine
- the people in a company who make the major decisions
- people who buy goods or pay for services
- using the raw materials from the land
- cost is the loss of opportunity to buy the next best thing
- resource something that can be used to generate wealth ie the factors in the production of goods and services-
- giving something up in order to receive something else that we want to have
- how a nation chooses to generate and distribute wealth
- of demand states that producers will want to make a product that can be sold for a high price and a great profit.
- transferring the goods to the community
- goods goods that can be replenished-water
27 Clues: the talents possessed by people • using the raw materials from the land • transferring the goods to the community • people who buy goods or pay for services • goods goods that can be replenished-water • goods goods that cannot be easily replenished • visible/ tangible things that people buy eg TV • is someone who manufactures goods and services • ...
Economics 2024-06-13
Across
- Bitcoin is
- The ammount a commotity should be available by desire
- The lowest wage allowed by law
- a market were people can sell and buy with minimal government supervision
- A board game were you controll everything
- the Soviet union economic system
- A system of money in a country
- A company or group of people that's acts as an entity
- a card that allows you to use your own money
- A market to sell illegal items
Down
- N ot enough of an item is made
- A score that shows you how responsible you are with money
- An economic system controlled by a private owner
- A low amount remains
- an economic that prioritizes collective ownership
- Buissness use their price to attract customers
- the value of an item
- A card that allows you to borrow the banks money
- Going against a rival
- a small percentage you pay for borrowed money
20 Clues: Bitcoin is • A low amount remains • the value of an item • Going against a rival • N ot enough of an item is made • The lowest wage allowed by law • A system of money in a country • A market to sell illegal items • the Soviet union economic system • A board game were you controll everything • a card that allows you to use your own money • ...
Economics 2024-05-20
Across
- price that equates quantity supplied to the quantity demanded
- collection of buyers and sellers
- a list with specific quantities of one or more goods
- relationship between the quality of a good and price that consumers are willing to buy
- situation in which the quantity supplied exceeds the quantity demanded
- a condition of preferring a risky income to a guaranteed income
- deals with the aggregate economic variables
- condition of preferring a guaranteed income to a risky income
- all combinations of goods for which the total amount of money is equal to income
- a graph showing all possible combinations of labor and capital for a given total cost
- the cost of utilizing all economic resources in production
- relationship between the quality and price of a good that producers are willing to sell
- the actual expenses plus any depreciation charges
Down
- a cost that does not vary with the amount of output
- expenditure that has been made and can never be recovered
- absolute price of a good, unadjusted for inflation
- cost that vary as the output produced varies
- condition of being indifferent between a guaranteed income and a fixed income
- situation in which the quantity demanded exceeds the quantity supplied
- price of a good relative to an aggregate measure of prices
- total cost consisting of fixed and variable costs
- change in revenue resulting from a one unit increase in output
- policy of treating a one time expenditure as a cost spread out over many years
- deals with the behaviors of individual economic units
- percentage change in one variable resulting from a one percent increase in another
- two goods for which incr price of one leads to decr in quantity
- a curve relating the quantity of a good consumed to income
- additional output produced as the input is increased by one unit
- two goods for which an incr in price of one leads to an incr in quantity
- a curve representing all combinations of market baskets associated with the same satisfaction
30 Clues: collection of buyers and sellers • deals with the aggregate economic variables • cost that vary as the output produced varies • total cost consisting of fixed and variable costs • the actual expenses plus any depreciation charges • absolute price of a good, unadjusted for inflation • a cost that does not vary with the amount of output • ...
Economics 2024-10-21
Across
- - The study of the behavior of individual consumers and firms in making decisions regarding the allocation of resources.
- - The satisfaction or benefit derived from consuming a good or service.
- - A situation in which the quantity supplied of a good exceeds the quantity demanded at the current price.
- - A market structure where a single company or entity controls the entire market for a product or service.
- Policy - The use of government spending and taxation to influence the economy.
- - A decrease in the general price level of goods and services, the opposite of inflation.
- - The total amount of a product or service available for purchase in a market.
- Cost - The cost added by producing one additional unit of a product or service.
- - Economic policies aimed at reducing government deficits through spending cuts and tax increases.
- - The branch of economics that studies the behavior and performance of an economy as a whole.
- - The exchange of goods, services, or capital between entities or countries, typically for mutual benefit.
- Rate - The value of one currency in terms of another currency.
- Cost - The loss of potential gain from other alternatives when one alternative is chosen.
- - The desire and ability of consumers to purchase goods or services at given prices.
- - A period of temporary economic decline typically identified by a fall in GDP for two successive quarters.
- - A fundamental economic problem where unlimited human wants exceed the limited resources available.
Down
- Policy - The process by which a central bank controls the supply of money, often targeting an inflation rate to ensure stability and growth.
- - Financial assistance granted by the government to support a business, reduce the cost of goods, or encourage economic activity.
- Rate - The percentage of a loan or investment charged by the lender to the borrower.
- - An economic system where the means of production, distribution, and exchange are owned or regulated by the community as a whole.
- - The state of being without a job despite actively seeking work.
- - A tax imposed on imported goods and services.
- - The rate at which the general level of prices for goods and services rises, eroding purchasing power.
- - An economic theory advocating minimal government intervention in the economy.
- Equilibrium - The state where the supply of goods matches demand, leading to stable prices.
- - The unintended side effects (positive or negative) of an economic activity that affect third parties.
- - An economic system where trade and industry are controlled by private owners for profit rather than by the state.
- - Short for "Gross Domestic Product," the total value of goods and services produced within a country in a specific period.
- - The amount by which a government's spending exceeds its revenue.
- - The payment for labor or services, typically calculated on an hourly, daily, or piecework basis.
30 Clues: - A tax imposed on imported goods and services. • Rate - The value of one currency in terms of another currency. • - The state of being without a job despite actively seeking work. • - The amount by which a government's spending exceeds its revenue. • - The satisfaction or benefit derived from consuming a good or service. • ...
economics 2022-12-16
Across
- occurs when buyers and sellers come together
- also known as factors of production
- type of unemployment due to lack of skills
- spending by firms on factories and machines
- Gross Domestic Product
- an equation used to add up the spending on domestically made goods
- the topic of this course
- GOODS FROM ANOTHER COUNTRY
- gross domestic product adjusted for inflation
- employed and the unemployed together
- previously made goods used to help produce another good
- the willingness and ability to purchase a good
- limited resources for unlimited wants
- Germany experienced this between the two world wars
- a diagram that shows the exchange of goods and services for money
- type of unemployment caused by a recession
Down
- gross domestic product using current prices
- exports - imports
- human effort to produce a good or service
- goods used for the production of a final good
- a person who doesn't have a job but is actively looking
- / percentage of the labor force that is unemployed
- this desk payment is $375 each month
- natural resources
- money given by the government to a citizen
- the desire and ability to produce a good
- type of unemployment caused by the worker transitioning between jobs.
- as price goes up, the quantity demanded goes down
- giving up the next best thing
- general rise in prices
- the currency used in Mr. Wilcox's class
31 Clues: exports - imports • natural resources • Gross Domestic Product • general rise in prices • the topic of this course • GOODS FROM ANOTHER COUNTRY • giving up the next best thing • also known as factors of production • this desk payment is $375 each month • employed and the unemployed together • limited resources for unlimited wants • the currency used in Mr. Wilcox's class • ...
economics 2023-02-03
Across
- Gross Domestic Product-measures the value of the final goods and services produced in the United States
- good-Tangible products that can be stored or inventoried and that have an average life of at least three years.
- good-
- market-resource store
- of money
- you love
- market-things that help you buy
- working
- of production-4 factors
- of good- pious or holy
- work
- made
Down
- you need to survive
- of value-something you love
- you buy
- most important city or town of a country or region, usually its seat of government and administrative center.
- growth-money growth
- bill
- good-goods can be separated into two categories
- basic problem in Economics (scarcity)
- you dont need but want
- good-goods sold to consumers for their use or enjoyment
- of scarcity- important for understanding how goods and services are valued
23 Clues: bill • work • made • good- • you buy • working • of money • you love • you need to survive • growth-money growth • market-resource store • you dont need but want • of good- pious or holy • of production-4 factors • of value-something you love • market-things that help you buy • basic problem in Economics (scarcity) • good-goods can be separated into two categories • ...
economics 2023-02-03
Across
- the use of resources in such a way as to maximize the output of goods and services
- of production the resources that are used to make goods and services
- the most desirable alternative given up as the result of a decision
- a graph that shows alternative ways to use the economy's productive resources
- the effort people devote to tasks for which they are paid
- the extra benefit of adding one unit
- something that people desire but that is not necessary for survival
- the actions or activities that one person performs for another
- the extra cost of producing one unit
- capital the human-made objects used to create other goods and services
- capital the knowledge and skills a worker gains through education and experience
- the process of deciding whether to do or use one additional unit of some resource
- all natural resources used to produce goods and services
Down
- a decision making process in which you compare what you will sacrifice and gain by a specific action
- a person who decides how to combine resources to create goods and services
- the use of fewer resources than an economy is capable of using
- the study of how people seek to satisfy their needs and wants by making choices
- a line on a production possibilities curve that shows the maximum possible output an economy can produce
- something essential for survival
- a phrase expressing the idea that a country that decides to produce more military goods has fewer resources to produce consumer goods and vice versa
- an economic principle which states that as production shifts from making one good or service to another, more and more resources are needed to increase production of the second good or service
- the act of giving up one benefit in order to gain another, greater benefit
- the principle that limited amounts of goods and services are available to meet unlimited wants
- the physical objects that someone produces
- a situation in which consumers want more of a good or service than producers are willing to make available at a particular price
- any human-made resource that is used to produce other goods and services
26 Clues: something essential for survival • the extra benefit of adding one unit • the extra cost of producing one unit • the physical objects that someone produces • all natural resources used to produce goods and services • the effort people devote to tasks for which they are paid • the use of fewer resources than an economy is capable of using • ...
Economics 2023-02-05
Across
- a person who organizes and manages any enterprise especially a business usually with considerable initiative and risk
- a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
- of trade: the difference in value over a period of time between a country's imports and exports of goods and services, usually expressed in the unit of currency of a particular country or economic union
- economics: refers to the school of thought of economics that originated in the late 18th and early 19th centuries, especially in Britain.
- a branch of economics which deals with the performance, structure, behavior, and decision-making of an economy as a whole.
- a service or other asset used to produce goods and services that meet human needs and wants
- anything that helps us produce things faster, better or cheaper.
- the demand for a good or service is greater than the availability of the good or service
- deficit: the amount by which the cost of a country's imports exceeds the value of its exports
- refers to the policy of protecting domestic industries against foreign competition through tariffs, import quotas and subsidies, or other restrictions placed on the imports of foreign competitors.
- a measure of the rate of rising prices of goods and services in an economy.
Down
- people who are jobless, actively seeking work, and available to take a job
- the consumer's desire and willingness to buy a product or service at a given period or over time.
- an asset acquired or invested in to build wealth and save money from the hard earned income or appreciation.
- of payments: the difference between all money flowing into the country in a particular period of time and the outflow of money to the rest of the world.
- the ability of a consumer or producer to decide which good, service or resource to purchase or provide from a range of possible options
- items that add some kind of benefit to the lives of the people who consume them
- the total amount of a given product or service a supplier offers to consumers at a given period and a given price level.
- an intangible commodity
- the amount of money that a buyer gives to a seller in exchange for a good or a service.
- belief in the benefits of profitable trading; commercialism.
- growth: the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year.
- the amount of physical, mental, and social effort used to produce goods and services in an economy
- surplus: the amount by which the value of a country's exports exceeds the cost of its imports.
24 Clues: an intangible commodity • belief in the benefits of profitable trading; commercialism. • anything that helps us produce things faster, better or cheaper. • people who are jobless, actively seeking work, and available to take a job • a measure of the rate of rising prices of goods and services in an economy. • ...
Economics 2023-01-27
economics 2022-09-27
Across
- interests Interest on the original loan
- Investment that represents a loan to gov't or corporations
- Investments that represent in a business
- tax All social classes pay the same amount
- Your payment before an insurance company begins coverage
- Insurance Used when a person can not work
- Amount paid on an insurance policy per a given time period
- insurance Used when a person is sick
- The recipient of funds or other benefits from insurance policies
- The amount of money borrowed, or the amount of money still owed on a loan
Down
- tax More money is taken out based on a bigger pay check
- tax Smaller amount of money taken out of pay checks
- interest Interest paid on both the original loan and interest earned
- Decision Occurs when benefits outweigh the cost
- a periodic payment for the use of borrowed funds
- Risk transferred to a third party
- funds a collection of securities chosen and managed by a group of professional fund managers
- insurance Insurance that protects your property for theft or destruction
- insurance Benefits survivors of the deceased
- a business whose main purpose is to receive deposits and make loans
20 Clues: Risk transferred to a third party • insurance Used when a person is sick • interests Interest on the original loan • Investments that represent in a business • Insurance Used when a person can not work • tax All social classes pay the same amount • insurance Benefits survivors of the deceased • Decision Occurs when benefits outweigh the cost • ...
Economics 2022-05-02
Across
- a particular way in which something may be considered
- morally correct behaviour and attitudes.
- relating to the branch of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.
- lack of smoothness or regularity in a surface.
- the state of having paid work.
- use up (a resource).
- able to be agreed on; suitable.
- a level of quality or attainment
- something that has grown or is growing.
- think carefully about (something), typically before making a decision
- pay someone for the use of (something, typically property, land, or a car).
Down
- the provision of something for consideration, inspection, or use.
- a large commercial organization owned or controlled by one person or group.
- a sum of money
- pressing requirements.
- have a significant part or role in a situation or process.
- possession of the means or skill to do something.
- able to be maintained at a certain rate or level.
- the state of being unemployed.
- justified in terms of profitability.
20 Clues: a sum of money • use up (a resource). • pressing requirements. • the state of being unemployed. • the state of having paid work. • able to be agreed on; suitable. • a level of quality or attainment • justified in terms of profitability. • something that has grown or is growing. • morally correct behaviour and attitudes. • lack of smoothness or regularity in a surface. • ...
Economics 2022-05-02
Across
- the branch of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.
- abstention by governments from interfering in the workings of the free market.
- a legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
- a system or market in which commercial transactions involving currency, shares, etc. can be carried out within or between countries.
- the part of economics concerned with single factors and the effects of individual decisions.
- the desire of consumers, clients, employers, etc. for a particular commodity, service, or other item
- denoting the total supply or demand for goods and services in an economy at a particular time
- the state of a country or region in terms of the production and consumption of goods and services and the supply of money
- the levying of tax
- money received, especially on a regular basis, for work or through investments
Down
- a limited quantity of a particular product which under official controls can be produced, exported, or imported.
- place (dutiable goods) in bond
- relating to government revenue, especially taxes.
- relating to or in accordance with an estimate of income and expenditure.
- believing in or based on the principle that all people are equal and deserve equal rights and opportunities.
- a government department concerned with a nation's workforce
- relating to money or currency
- able to be maintained at a certain rate or level
- increase in economic activity or value
- relating to economics or the economy
- a contract of insurance
- buy (goods or services)
22 Clues: the levying of tax • a contract of insurance • buy (goods or services) • relating to money or currency • place (dutiable goods) in bond • relating to economics or the economy • increase in economic activity or value • able to be maintained at a certain rate or level • relating to government revenue, especially taxes. • ...
Economics 2022-08-22
Across
- the portion of income not spent on current expenditures
- anything that helps us produce things faster, better or cheaper
- of the same or a similar kind or nature
- individual's ordering of various outcomes
- the point where individuals have no particular preference for either one good or another based on their relative quantities.
- the point when the marginal utility of any activity is zero.
- out-of-pocket costs—payments that are actually made.
- level playing field where everyone has the same access to the same wealth
- condition or state in which economic forces are balanced
Down
- it is representation of economy as a heterogeneous and proliferative social space.
- curve. the maximum amount of one commodity X obtainable for any given amount of another commodity Y, and vice versa
- It refers to people's decisions about sharing and using those resources
- one unit which participate in production mechanism
- a rational consumer always prefers more of a good as it offers the consumer a higher level of satisfaction.
- the process of capital formation by a firm or increase in the stock of existing capital stock
- occurs when a good's quantity demanded or supplied changes even though the price remains the same.
- income that a firm receives from the sale of a good or service to its customers
- the operation of a country’s money supply, commercial activities and industry
- people who make or grow goods and provide services
- the difference between the revenue received from the sale of an output and the costs of all inputs used, as well as any opportunity costs
20 Clues: of the same or a similar kind or nature • individual's ordering of various outcomes • one unit which participate in production mechanism • people who make or grow goods and provide services • out-of-pocket costs—payments that are actually made. • the portion of income not spent on current expenditures • condition or state in which economic forces are balanced • ...
Economics 2022-09-08
Across
- This is the skill and talent needed to combine the other three resources to successfully produce something people want to buy.
- It comprises all people aged over 15 years who are able and willing to work including those who are classified as employed and those who are unemployed.
- It is defined as a good or a service that is used in pairs such as pen and ink.
- It is the exclusive possession or control of the supply of or trade in a commodity or service.
- An increase in the value of the Australian dollar
- It is one of the demand factors which is whether consumers are optimistic or pessimistic about their future spending
- It is a way of visually representing the distribution of income or wealth across a population.
- It refers to the economic problem that arises because the volume of resources (land, labour and capital) is limited compared with individual needs and wants, which are unlimited.
- costs of borrowing.
- Spending on goods and services within the period.
- It is a government policy that takes proportionately more tax from those on higher levels of income and redistributes welfare benefits to those on lower incomes.
Down
- It is defined as employed persons who are highly skilled but are working in low-paid or low-skilled jobs or are working part-time but would prefer to be working on a full-time basis.
- It refers to individuals who might be considered unemployable because of some personal characteristic, such as a physical disability.
- It is one of the supply factors that shifts the supply curve to the left and it refers to natural events such as floods and droughts.
- A number between zero and one that indicates the level of inequality in the distribution of income or wealth.
- Spending by government departments and public enterprises on goods and services within the period.
- A system of money in general use in a particular country
- The volume of output that is produced from any given number of inputs.
- X in aggregate demand formula and income earnt by Australians selling goods overseas.
- It is a situation in which economic forces such as supply and demand are balanced.
- fixing It is an anti-competitive practice that allows companies to get together to fix and control or maintain prices artificially, and increase the prices for consumers.
- It describes a situation where the potential labour of employed people is not fully used
- the distribution of a company's earnings to its shareholders and is determined by the company's board of directors
- The value of the Australian dollar against another currency.
- It is a measure of how much the quantity changes when the price changes and it determines the slope of a demand curve and the slope of a supply curve.
- It occurs when funds are added to the circular flow from a source other than households and businesses.
- It is when a small number of large firms have all or most of the sales in an industry.
27 Clues: costs of borrowing. • An increase in the value of the Australian dollar • Spending on goods and services within the period. • A system of money in general use in a particular country • The value of the Australian dollar against another currency. • The volume of output that is produced from any given number of inputs. • ...
economics 2022-09-05
Across
- When the demand of our resources is greater than the supply of that resources as resources are limited
- the money that a person or entity receives in exchange for their labor or products
- a type of market structure where two or more firms have significant market power
- a business cycle contraction when there is a general decline in economic activity
- someone who is currently employed, but who would like and is available to work additional hours
- a basic economic concept that describes a voluntary exchange between several parties
- an area of the production, distribution and trade, as well as consumption of goods and services
- the condition of one who is capable of working, actively seeking work, but unable to find any work
- a acronym of a regional trade and economic development initiative. This agreement is among 21 countries
- When the resources are inefficiently used or not being used to its full potential
- a period of strong economic expansion where many businesses are operating at full capacity or above capacity
- the total amount of a specific good or service that is available to consumers
- the costs or value of the next best option "forgone"
Down
- type of unemployment where individuals have been jobless for a long time
- type of unemployment meaning a lack of Ad, which is a Demand side factor
- type of unemployment which means discouraged job seekers who are no longer actively seeking work
- type of resource that workers use to produce the goods and services like machinery, tools and equipment
- A situation where there is a single seller, selling a unique product in the market
- the cost of borrowing money
- the value of a nation's currency in terms of the currency of another nation or economic zone
- the body of persons that constitutes the governing authority of a political unit or organization
- type of change in factors affecting supply other than the price of the commodity which swifts the supply curve to the left
- the rise in the number of unemployed people that is expected in certain industries at particular times of year
- the efficiency of production of goods or services expressed by some measure
- a acronym total market value of the goods and services produced by a country's economy during a specified period of time
- A request for something
- type of living standards which refers to our access to goods and services like health coverage and etc
- a sum of money demanded by a government for its support or for specific facilities or services
- people aged over 15 years who are able and willing to work. This includes people who are classified as employed & unemployed
- when both suppliers and buyers are happy and satisfied with the price and is equally disputed
- when people are optimistic are their economic wellbeing future
31 Clues: A request for something • the cost of borrowing money • the costs or value of the next best option "forgone" • when people are optimistic are their economic wellbeing future • type of unemployment where individuals have been jobless for a long time • type of unemployment meaning a lack of Ad, which is a Demand side factor • ...
economics 2022-09-05
Across
- when people are optimistic are their economic wellbeing future
- a basic economic concept that describes a voluntary exchange between several parties
- the total amount of a specific good or service that is available to consumers
- the condition of one who is capable of working, actively seeking work, but unable to find any work
- the rise in the number of unemployed people that is expected in certain industries at particular times of year
- type of living standards which refers to our access to goods and services like health coverage and etc
- people aged over 15 years who are able and willing to work. This includes people who are classified as employed & unemployed
- type of unemployment meaning a lack of Ad, which is a Demand side factor
- a period of strong economic expansion where many businesses are operating at full capacity or above capacity
- the money that a person or entity receives in exchange for their labor or products
- type of unemployment which means discouraged job seekers who are no longer actively seeking work
- When the resources are inefficiently used or not being used to its full potential
- type of unemployment where individuals have been jobless for a long time
- When the demand of our resources is greater than the supply of that resources as resources are limited
- the body of persons that constitutes the governing authority of a political unit or organization
Down
- a acronym of a regional trade and economic development initiative. This agreement is among 21 countries
- the costs or value of the next best option "forgone"
- a acronym total market value of the goods and services produced by a country's economy during a specified period of time
- a business cycle contraction when there is a general decline in economic activity
- someone who is currently employed, but who would like and is available to work additional hours
- A situation where there is a single seller, selling a unique product in the market
- type of change in factors affecting supply other than the price of the commodity which swifts the supply curve to the left
- the efficiency of production of goods or services expressed by some measure
- when both suppliers and buyers are happy and satisfied with the price and is equally disputed
- an area of the production, distribution and trade, as well as consumption of goods and services
- a type of market structure where two or more firms have significant market power
- type of resource that workers use to produce the goods and services like machinery, tools and equipment
- the cost of borrowing money
- the value of a nation's currency in terms of the currency of another nation or economic zone
- A request for something
- a sum of money demanded by a government for its support or for specific facilities or services
31 Clues: A request for something • the cost of borrowing money • the costs or value of the next best option "forgone" • when people are optimistic are their economic wellbeing future • type of unemployment meaning a lack of Ad, which is a Demand side factor • type of unemployment where individuals have been jobless for a long time • ...