economics Crossword Puzzles
Micro Economics 2022-11-29
Across
- ideal choice of solution of a firm that would maximize profit
- monopoly that would form as a result of being in a free market
- a free market with no government intervention
- a choice made by taking into account the outcome of the choice and the resource of other firms
- The outcome of a strategic decision.
- a firm that has significant market power which is enough to control price
- difference between what a consumer is willing to pay vs what they are actually paying
- where demand and supply determine the prices of a g/s
- when firms interact repeatidly to increase profits
- where price equals marginal cost
- where marginal cost is equal to marginal revenue
- where one single strategy is best for a firm regardless of what other firms do
- Top 4 firms control less than 40% of the market , limited price control, low barriers to entry, little to no long run profit
Down
- study of the ways in which different choices by competitors
- product characteristics that make products stand out to consumers compared to other goods
- when prices or changes established by a dominant firm are accepted by others
- where firms take into account the reactions of competitors in response to a change in price
- laws that are set to ensure that fair competition exists in an open market
- when sellers charge customers for a g/s at different prices so that they pay the maximum price
- Market with a single firm, only one product, full price control, with very high barriers to entry
- situation in market where firms have some control over price/violates characteristics of perfect competition
- the amount of control that firms have on the course of the market
- where a firm is producing at a lower scale of output than it is designed for
- restrictions made to ensure that goods and services remain affordable
- resources are not allocated efficiently
- Top 4 firms control more than 40% of market , with limited competition, some price control, and profit in the long run
26 Clues: where price equals marginal cost • The outcome of a strategic decision. • resources are not allocated efficiently • a free market with no government intervention • where marginal cost is equal to marginal revenue • when firms interact repeatidly to increase profits • where demand and supply determine the prices of a g/s • ...
Economics final 2021-06-11
Across
- A limit placed on the quantities of a product that can be imported
- What is a fundamental principle of economics which states that at a higher price consumers will demand a lower quantity of a good.
- The idea of limited resources
- The act of trading one thing for another
- A tax on the manufacturing or sale
- Which stock has the highest risk but also the greatest potential for rewards?
- The worth of goods and services are made in a country over time.
- What is the amount of a product offered for a sale at all available prices
- What is a good investment which will increase in value over time
- The next best thing for your time and money
- What is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt.
- The tax a corporate pays on its profits
Down
- What is the best way to dramatically reduce the total amount of interest you pay on your home loan?
- What is the maximum amount of money you should spend on housing per month?
- The ups and downs in the GDP overtime
- The tax on the transfer of property when a person dies
- Natural resources not created by people
- What is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.
- People choose to leave their job to find a better one.
- A graph that shows the connection between the points, shows the diff amount of products and prices.
- A tax placed on imports to increase their price in the domestic market
- What does GDP stand for?
- what is the number of unemployed people?
- Tools, Machines, Factory, equipment
- States that more will be offered for a sale at a higher price than lower prices.
25 Clues: What does GDP stand for? • The idea of limited resources • A tax on the manufacturing or sale • Tools, Machines, Factory, equipment • The ups and downs in the GDP overtime • Natural resources not created by people • The tax a corporate pays on its profits • The act of trading one thing for another • what is the number of unemployed people? • ...
Economics Vocabulary 2021-05-06
Across
- year-a 12-month period for which an organization plans its expenditures
- sector-the part of the economy that is owned by individuals or businesses
- tax-a tax on the production or sale of a specific good or service
- fee-money charged for the use of a good or service
- assessor-a government official who determines the value of property to be taxed
- budget-a plan for major expenses or investments
- payments-money distributed to individuals who do not provide goods or services in return
- tax-a tax on the assets of a person who has died
- spending-spending that the government must authorize each year
- spending-government spending that is required by current law
- amounts of money put aside for specific purposes
- budget-a plan for day-to-day expenses
- transfer payment from the federal government to state or local governments
Down
- budget-a budget in which total government revenue is equal to total government spending
- tax-a tax on money or property given by one living person to another
- welfare programs with specific requirements
- government-run, national health insurance program mainly for citizens over age 65
- budget-a plan for spending federal tax money
- government-run medical insurance program for low-income people
- duty-a tax on goods imported into the United States
20 Clues: budget-a plan for day-to-day expenses • welfare programs with specific requirements • budget-a plan for spending federal tax money • budget-a plan for major expenses or investments • tax-a tax on the assets of a person who has died • amounts of money put aside for specific purposes • fee-money charged for the use of a good or service • ...
Economics Vocab 2021-04-29
Across
- economists look at the big picture
- outputs such as books and cars
- quality of life based off of possessions of necessities and luxuries
- not enough resources
- used to make goods
- land, water, fish, animals
- comparing the marginal benefit to the marginal cost
- works that produce goods or services
- someone who creates their own business
- resources necessary to produce goods and services
- the total value of all of the goods produced in a country in one year
Down
- theory that explains human economic behavior
- economists look at the small picture
- food, water, shelter
- outputs like haircuts and repairs
- deciding to do one thing or another
- the additional satisfaction after producing additional output
- goods used to make other goods
- entertainment, fun, phone
- the best use of your time and money after you decide to do one thing rather than the other
- the additional cost of producing extra output
21 Clues: used to make goods • food, water, shelter • not enough resources • entertainment, fun, phone • land, water, fish, animals • outputs such as books and cars • goods used to make other goods • outputs like haircuts and repairs • economists look at the big picture • deciding to do one thing or another • economists look at the small picture • works that produce goods or services • ...
Economics Terms 2022-10-20
Across
- the rate of increase in prices over a given period of time
- when a company or business grows so large that the costs per unit increase.
- the average tax rate, or amount of tax paid as a percentage of income, decreases as income increases
- a condition or state in which economic forces are balanced
- a principle of economics that captures the consumer's desire to buy the product or service
- the value or benefit given up by engaging in that activity, relative to engaging in an alternative activity
- a set of actions to control a nation's overall money supply and achieve economic growth
- monetary measure of the market value of all the final goods and services produced and sold in a specific time period by countries.
- the total amount of a given product or service a supplier offers to consumers at a given period and a given price level.
- when a supplier sets a fixed price for a good or service for a certain time period
- a period of increased commercial activity within either a business, market, industry, or economy as a whole
Down
- occurs when securities fall for a sustained period of time
- a significant decline in economic activity spread across the market
- the amount a lender charges a borrower and is a percentage of the principal
- the use of government spending and taxation to influence the economy
- the cost advantages that enterprises obtain due to their scale of operation
- occurs when securities are on the rise
- a tax where the. average tax rate, or the total amount of. tax paid as a percentage of income, increases as the taxpayer's income. increases.
- commodities that the public sector provides free or cheaply because the government wishes to encourage their consumption.
- a good that is both non-excludable and non-rivalrous
20 Clues: occurs when securities are on the rise • a good that is both non-excludable and non-rivalrous • occurs when securities fall for a sustained period of time • the rate of increase in prices over a given period of time • a condition or state in which economic forces are balanced • a significant decline in economic activity spread across the market • ...
Economics Vocabulary 2023-11-08
Across
- When a consumer reacts to a rise in the price and consuming more of a substitute good
- the amoount of money the company receives by selling its good
- a cost of a good that does not change
- Granst an author exclusive rights to publish and sell their creative works
- says that when a goods price is lower, consumer will buy more of it
- Study of econmic behavior in a nations whole economy
- costs that rise or fall depending on the quantity produced
- Shows the relationship between price and quantity
- a table that lists the quantity of a good a consumer will purchase
- the amount of a good or service that is available
Down
- a graphic representation of a demmand schedule
- Study of econmic behavior in small units
- The rewards of penalty that encourages a person to behave a certain way
- GDP
- Arena of exchange
- Gives the inventor of a new product the exclusive right to produce
- a graphic representation of a supply schedule
- The amount of money a business recieves in excess of expenses
- the desire to own something and the ability to pay for it
- Struggle among producers for dollars
20 Clues: GDP • Arena of exchange • Struggle among producers for dollars • a cost of a good that does not change • Study of econmic behavior in small units • a graphic representation of a supply schedule • a graphic representation of a demmand schedule • Shows the relationship between price and quantity • the amount of a good or service that is available • ...
Economics Crossword 2023-12-11
Across
- Unemployment caused by the move from expansion to recession in the business cycle
- Uninterrupted grown of GDP
- Total value of all final goods produced in a country in a specific period of time
- Tangible items that are bought
- People currently working
- All human-made goods used in the production of other goods and services
- Payments to households in the resource market for lending money for capital purchases
- Numbers adjusted for inflation
- Payments to households in the resource market for selling labor
- Tracks the monthly changes in prices
- Market where households are the sellers and firms are the buyers
- All production inputs provided by nature
- Unemployment that occurs as workers move between jobs
- Taking risks and organizing the factors of production to start a business
- People out of work and actively looking for work
- Market where firms are sellers and households are the buyers
- Out of work and not actively looking for work
Down
- The general rise in prices over time
- Number of employed plus the unemployed
- Intangible items that usually involve paying a firm to do something for you
- GDP decreases for two or more quarters
- Payments to households in the resource market to entrepreneurs whose business revenue exceeds costs
- Regular ups and downs of GDP
- The work of employees possessing human capital
- Unemployment that occurs when workers' skills are obsolete or no longer needed
- Tool used to convert between nominal and real GDP
- Payments to households in the resource market for the use of land
- Numbers not adjusted for inflation
- Model that shows how households, businesses, and the government interact with one another in the economy
29 Clues: People currently working • Uninterrupted grown of GDP • Regular ups and downs of GDP • Tangible items that are bought • Numbers adjusted for inflation • Numbers not adjusted for inflation • The general rise in prices over time • Tracks the monthly changes in prices • Number of employed plus the unemployed • GDP decreases for two or more quarters • ...
Economics Vocab 2024-01-11
Across
- The value of the next best alternative that must be forgone in order to pursue a particular action.
- The total value of all goods and services produced by a country in a specific time period.
- A market structure in which a single seller or producer controls the entire supply of a product or service.
- Financial assistance granted by the government to support a business or market.
- A measure of how sensitive the quantity demanded or supplied of a good is to changes in price.
- The knowledge, skills, and other attributes embodied in individuals that contribute to their ability to perform labor and produce economic value.
- The rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power.
- The control of the money supply and interest rates by a central bank to achieve economic goals.
- A graphical representation of the relationship between the quantity of a good that buyers are willing to purchase and the price.
- The unintended side effects or consequences of an economic activity that affect other parties.
- The fundamental economic problem of limited resources versus unlimited wants.
Down
- An economic philosophy advocating minimal government intervention in the economy.
- An economic system where the government makes decisions about what, how, and for whom to produce.
- The exchange of goods and services between countries without the imposition of barriers, such as tariffs or quotas.
- An economic system where prices are determined by supply and demand in a free market.
- The efficiency with which input resources are used in the production of goods and services.
- The amount by which government revenue exceeds government spending in a given period.
- The process by which businesses or other organizations develop international influence or start operating on an international scale.
- Demand The relationship between the availability of a good or service and the desire for it.
- The use of government spending and taxation to influence the economy.
- A measure that examines the average change in prices paid by consumers for goods and services over time.
- The amount by which government spending exceeds government revenue in a given period.
- A tax on imported goods, designed to protect domestic industries.
- A situation in which the allocation of goods and services by a free market is not efficient.
- A person who organizes, manages, and takes on the risks of a business.
25 Clues: A tax on imported goods, designed to protect domestic industries. • The use of government spending and taxation to influence the economy. • A person who organizes, manages, and takes on the risks of a business. • The fundamental economic problem of limited resources versus unlimited wants. • ...
Economics Vocab 2023-11-14
Across
- An organization of workers that tries to improve working conditions, wages, and benefits for its members
- Negotiating labor contracts that keep unnecessary workers on the company payroll
- What do Economists define as all nonmilitary people who are employed or unemployed?
- A certificate of ownership in a corporation
- The movement of some of a company's operations, or resources of production, to another country
- Measures that ban mandatory Union membership
- An authorization from local government to operate a business
- Demand of laws
- In a partnership, more than one person contributes what?
- A settlement technique in which a neutral person, the mediator, meets with each side to try to find a solution that both sides will accept
- Bargaining Process in which union and company management meet to negotiate a new labor contract
- A neutral third party listens to both sides and the imposes of a decision
Down
- These workers perform manual labor, often in a manufacturing job and earn an hourly wage
- The ownership structure of a company or firm
- They often choose to pay a share of those profits to stockholders in payments called what?
- An organization work stoppage intended to force an employer to address Union demands
- A business organization owned and operated by a group of individuals for their shared benefit
- They may prohibit sole proprietors from operating business out of their homes
- Companies contract with another company to do a specific job that wold otherwise be done by a company's own workers.
- The legal obligation to pay bills
20 Clues: Demand of laws • The legal obligation to pay bills • A certificate of ownership in a corporation • The ownership structure of a company or firm • Measures that ban mandatory Union membership • In a partnership, more than one person contributes what? • An authorization from local government to operate a business • ...
Economics Crossword 2023-09-20
Across
- Connection between businesses in order to function
- _____ resources are human-made resources used by companies
- food, clothing and shelter are _____
- Rise in general prices and reduced purchasing power
- Increase level of performance or activity in a economy
- Organization or business that creates products are
- Balanced state between supply and demand
- _____ resources are sourced from our environment
- Desire for a product or service at a price
- Ecomomic system which emphasizes individual
- Individual who purchases the goods or services
- Lowest level of performance or activity in a economy
Down
- Decrease level of performance or activity in a economy
- Old economic system of bartering and trading
- decrease in value or gain a lower estimation
- All types of resources combined create _______ resources
- Money earned in a business transaction
- _____ resources are people who work to produce goods or provide services
- Economic system where the government is in control
- soda, steak and television are _____
- physical items which a demand exists
- Quantity of a product available at a given price
- Cost of borrowing money or return on savings
- Assistance that satisfies needs or wants of the consumer
- Increase in value or gain a higher estimation
- Profit, Organization providing services without profit as the primary reason
- Highest level of performance or activity in a economy
- Commercial organization providing goods or services for profit
- System that partially uses each system
- Individual who uses the good or recevies the service
30 Clues: soda, steak and television are _____ • physical items which a demand exists • food, clothing and shelter are _____ • Money earned in a business transaction • System that partially uses each system • Balanced state between supply and demand • Desire for a product or service at a price • Ecomomic system which emphasizes individual • ...
Economics Crossword 2023-10-30
Across
- The physical or financial resources used to produce value in an economy
- Physical work is, an important part of the factors of production
- Ways to compare and contrast the costs and benefits of a product or service
- What you lose by choosing something else over it
- An organisational unit producing goods and services
- Wants, and most needs are unlimited, it is how to satisfy unlimited wants and needs with limited resource
- The inputs needed for creating a good or service, which includes land, labour, enterprise, and capital.
- People always want something more, there is always another product they want to have
- Money paid, for a product or service to satisfy a want or need
- The ability to initiate the production
- Data is used to gauge the health and growth trends of a nation's economy, or of a specific industry sector.
- Same as opportunity cost
- A naturally occurring resource, one of the factors of production
- mixture of public and private enterprises with some intervention from the gov
Down
- Education, training, and quality of equipment with which the labour will use
- The total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period.
- Goods and services that can be substituted
- Where a customer gives up one thing for another
- A limited number of something
- Age, size, gender, and hours worked
- Wants A product that increases in appeal when the popularity of its compliment increases
- When there is not enough of something
- Wants that are never satisfied and keep recurring
- An economic system that combines private and state enterprises.
24 Clues: Same as opportunity cost • A limited number of something • Age, size, gender, and hours worked • When there is not enough of something • The ability to initiate the production • Goods and services that can be substituted • Where a customer gives up one thing for another • What you lose by choosing something else over it • Wants that are never satisfied and keep recurring • ...
Economics Vocabulary 2024-01-23
Across
- - goods and services
- - the rights of individual to own property with in an economic system
- - a business organization made up of a legal entity owned by individual stockholders
- freedom - the right to make your own economic decisions
- - a business organization owned by two or more people
- - the flow of resources and finished products between businesses and households
- economic system with centrally planed economy and government control
- - a curve that shows alternative ways to use economic resources
- - offering that encourages people to behave in a certain way
- income - rent, wages, interest, and profit
Down
- - using fewer resources than an economy is capable of using
- limited quantities of resources to meet unlimited wants
- expenditure - money spent by households to purchase products
- - economic system with evenly distributed wealth and combined government control and private ownership
- - The market in which households are sellers and businesses are buyers
- - using resources in such a way as to maximize the production of goods and services
- - the market in which businesses are sellers and household are buyers
- - economic cost of choices
- - Land, labor, capital, entrepreneurship
- - economic system with private ownership and very little government intervention
- - the flow of money as income and consumer expenditures between households and businesses
- - the struggle among producers to gain the business of consumers
- - the model showing the flow between households and businesses
- - the sector of the economy that purchases resources and provide products
- - the sector of the economy that provides resources and purchases products
25 Clues: - goods and services • - economic cost of choices • - Land, labor, capital, entrepreneurship • income - rent, wages, interest, and profit • - a business organization owned by two or more people • limited quantities of resources to meet unlimited wants • freedom - the right to make your own economic decisions • - using fewer resources than an economy is capable of using • ...
Economics Vocab 2024-01-23
Across
- - goods and services
- - using resources in such a way as to maximize the production of goods and services
- limited quantities of resources to meet unlimited wants
- economic system with centrally planed economy and government control
- - Land, labor, capital, entrepreneurship
- - economic system with private ownership and very little government intervention
- - economic system with evenly distributed wealth and combined government control and private ownership
- - the flow of money as income and consumer expenditures between households and businesses
- - the flow of resources and finished products between businesses and households
- - using fewer resources than an economy is capable of using
- - the market in which businesses are sellers and household are buyers
- freedom - the right to make your own economic decisions
Down
- - The market in which households are sellers and businesses are buyers
- - the sector of the economy that purchases resources and provide products
- income - rent, wages, interest, and profit
- - a curve that shows alternative ways to use economic resources
- expenditure - money spent by households to purchase products
- - a business organization made up of a legal entity owned by individual stockholders
- - the rights of individual to own property with in an economic system
- - a business organization owned by two or more people
- - offering that encourages people to behave in a certain way
- - the model showing the flow between households and businesses
- - the struggle among producers to gain the business of consumers
- - the sector of the economy that provides resources and purchases products
- - economic cost of choices
25 Clues: - goods and services • - economic cost of choices • - Land, labor, capital, entrepreneurship • income - rent, wages, interest, and profit • - a business organization owned by two or more people • limited quantities of resources to meet unlimited wants • freedom - the right to make your own economic decisions • - using fewer resources than an economy is capable of using • ...
Applied Economics 2024-01-07
Across
- the study of genes and inheritance in a living organisms
- is the capability of a company to sustain or improve its performance in terms of profitability or efficiency when its sales increases
- An activity involving two or more firms, in which each firm tries to get people to buy its own goods in preference to the other firm's goods.
- service indutries or providing essential services support to allow other levels of industry to function
- the idea upon which it is built. business creates its own plan to expand its economic growth
- practices designed to create the long-term economic development of a company or nation while also managing the environmental, social, and cultural aspects of its activities.
- is the image that a business must have of its aims and goals before it sets out to reach them.
- a stage where the business reaches the point for expansion and seeks additional options to generate more profit
- a business is a system in which all parts contribute to the success or failures of the whole business
- making or converting raw materials inro aa usable products through processing and manufacturing.
- is a macroeconomic term that refers to a significant decline in general economic activity in a designated region
Down
- the amount of a lender charges for the use of assets expressed as a percentage of the principal
- A business is the fruit of a higher aim in the mind of the person who concieved it
- people who buy or use goods and services to satisfy their wants.
- It is the value of a country's currency against the currency of other. countries or economic zone.
- is the ability of a business to earn a profit.
- refers to an economic activity that involves collecting, extracting or harvesting natural resources.
- an entity that provides goods and services to another organization. This entity is part of the supply chain of a business, which may provide the bulk of the value contained within its products.
- A business is not part of the owners life, but in fact its own entity.
- a business creates a standard againts which all businesses are mesured againts which all businesses are measured as either succesful or not.
20 Clues: is the ability of a business to earn a profit. • the study of genes and inheritance in a living organisms • people who buy or use goods and services to satisfy their wants. • A business is not part of the owners life, but in fact its own entity. • A business is the fruit of a higher aim in the mind of the person who concieved it • ...
Recap- Economics 2024-01-08
Across
- The portion of disposable income not immediately spent on the consumption of consumer goods and services.
- An economic system without intervention by the government.
- A state when the market demand for a product is equal to its market supply.
- The benefit of the next best alternative foregone is the ---------------- of that decision.
- ---------- refers to human-made resources, including machinery, equipment and factory buildings.
- Goods that have a negative impact on consumer health or welfare. They are likely to be overproduced and consumed in a free market.
- Firms in this sector of an economy provide services.
- A good which demand will fall as disposable income rise.
- ----------- of resources is the central problem in economics.
- The cost of borrowing & the reward for saving.
- A firm may grow in size by employing more labour and capital to increase its scale of production.
Down
- resources are also known as --------- because they are used to produce goods and services.
- Any item that is generally accepted by people and firms as a medium of exchange.
- Studies what influences the economic decisions of consumers, producers and households.
- A merger between two or more firms in different industrial sectors.
- A cost created by an economic activity that is imposed on people or organizations who have no control over the activity.
- The ----------- in a market economy ensures that scarce resources are allocated to their most profitable uses.
- Financial supports or grants provided by a government.
- An organization that represents the interests of workers.
- The willingness and ability to buy a product to satisfy a need or want.
20 Clues: The cost of borrowing & the reward for saving. • Firms in this sector of an economy provide services. • Financial supports or grants provided by a government. • A good which demand will fall as disposable income rise. • An organization that represents the interests of workers. • An economic system without intervention by the government. • ...
Economics Crossword 2024-02-26
Across
- a product or service that consumers see as essentially the same or similar-enough to another product
- an economic theory that predicts how the price of goods and services affects their supply
- table that shows the quantity demanded of a good or service
- the change in output that results from employing an added unit of labor
- a good that experiences an increase in demand due to an increase in a consumer's income
- the static quantity of a good or service when its price changes
- a table that shows the quantity supplied at each price
- the use of population data as a way to study the patterns of behavior among groups of people that impact the economy
- a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut
- a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time
- average fixed cost equals the total variable cost per unit of produced quantity
- the total amount of money that a company earns through the selling of its goods and services, over a time period
- taxes levied on specific goods or services like fuel, tobacco, and alcohol
- the change in total production cost that comes from making or producing one
- an item that becomes less desirable as the income of consumers increases
- the cost that is required to produce a product
- measures how much the quantity supplied of a good or service changes when there is a price change
- an economic concept used to measure the change in the aggregate quantity demanded of a good or service in relation to price movements of that good or service
- ongoing expenses incurred from the normal day-to-day of running a business
- a tabulation of the quantity of a good that all consumers in a market will purchase at a given price
- adding an additional factor of production results in smaller increases in output
- takes place when the demand and subsequent sales numbers for a particular product decrease as the result of a price increase
Down
- the degree to which demand responds to a change in an economic factor
- as the price of a good or service increases, the quantity of goods or services increases
- the number of goods or services that suppliers will produce and sell at a given market price
- the quantity purchased varies inversely with price
- describes how an increase in income can change the quantity of goods that consumers will demand
- a table that lists the quantity supplied for a good or service that suppliers throughout the whole economy are willing and able to supply at all possible prices
- an expense that changes in proportion to production output or sales
- The scenario where the additional unit of a variable factor of production results in higher output per unit, given that all other factors are constant
- indicators that show us the current trends in the economy
- all variables are the same
- costs that are independent of volume
- rules that limit who can enter a business (entry controls) and what prices they may charge
- a given percentage change in price leads to an equal percentage change in quantity demanded or supplied
- a graph that shows the relationship between price and supply
- the increase in revenue that results from the sale of one additional unit of output
- a good that adds value to another good when they are consumed together
- a graph that shows the relationship between price and supply
- An increase in orders and shipments of capital good
40 Clues: all variables are the same • costs that are independent of volume • the cost that is required to produce a product • the quantity purchased varies inversely with price • An increase in orders and shipments of capital good • a table that shows the quantity supplied at each price • indicators that show us the current trends in the economy • ...
Economics Project 2024-02-21
Across
- a level of production at which the marginal product of labor decreases as the number of workers increases
- a table that lists the quantity of a good a person buys at various prices in a market
- producers offer more of a good as its price increases and less as its price falls
- describes demand that is very sensitive to a change in price
- the cost of operating a facility such as a factory or store
- a tax on the production or sale of a good
- the change in consumption that results when a price increase causes real income to decline
- a graph of the quantity supplied of a good by all suppliers at various prices
- a latin phrase that means "all other things held constant"
- describes demand that is not very sensitive to price changes
- two goods that are bought and used together
- a graph of the quantity supplied of a good at various prices
- the desire to own something and the ability to pay for it
- the amount that a supplier is willing and able to supply at a specific price
- the total cost divided by the quantity produced
- a graphic representation of a demand schedule
- a chart that lists how much of a good a supplier will offer at various prices
- the cost of producing one more unit of a good
- when consumers react to an increase in a goods price by consuming less of that good and more of a substitution good
Down
- a cost that does not change no matter how much of a good is produced
- a good that consumers demand less of when their incomes increase
- consumers will buy more of a good if the price is lower or less when its price is higher
- A measure of the way quantity supplied reacts to a change in price
- a table that lists the quantity of a good all consumers will buy at various prices
- a good that consumers demand more of when their incomes increase
- a cost that rises or falls depending on the quantity produced
- the additional income from selling one more unit of a good sometimes equal to price
- a chart that lists how much a good all suppliers will offer at various prices
- a level of production in which the marginal product of labor increases as the number of workers increase
- government intervention in a market that affects the production of a good
- the change in output from hiring one additional unit of labor
- a measure of how consumers respond to price changes
- the total amount of money a company receives by selling goods or services
- the amount of goods available
- describes demand whose elasticity is exactly equal to 1
- a government payment that supports a business or market
- a factor that can change
- the sum of fixed cost plus variable cost
- goods that are used in place of one another
- the statistical characteristics of populations and population segments, especially when used to identify consumer markets
40 Clues: a factor that can change • the amount of goods available • the sum of fixed cost plus variable cost • a tax on the production or sale of a good • two goods that are bought and used together • goods that are used in place of one another • a graphic representation of a demand schedule • the cost of producing one more unit of a good • ...
Economics Vocab 2024-02-25
Across
- the quantity purchased varies inversely with price
- table that shows the quantity demanded of a good or service
- the total amount of money that a company earns through the selling of its goods and services, over a time period
- a graph that shows the relationship between price and supply
- the number of goods or services that suppliers will produce and sell at a given market price
- a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time
- an expense that changes in proportion to production output or sales
- a graph that shows the relationship between price and supply
- the change in total production cost that comes from making or producing one
- a product or service that consumers see as essentially the same or similar-enough to another product
- the cost that is required to produce a product
- an item that becomes less desirable as the income of consumers increases
- the static quantity of a good or service when its price changes
- an economic concept used to measure the change in the aggregate quantity demanded of a good or service in relation to price movements of that good or service
- the use of population data as a way to study the patterns of behavior among groups of people that impact the economy
- an economic theory that predicts how the price of goods and services affects their supply
- indicators that show us the current trends in the economy
- as the price of a good or service increases, the quantity of goods or services increases
- adding an additional factor of production results in smaller increases in output
- a tabulation of the quantity of a good that all consumers in a market will purchase at a given price
- takes place when the demand and subsequent sales numbers for a particular product decrease as the result of a price increase
Down
- taxes levied on specific goods or services like fuel, tobacco, and alcohol
- a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut
- all variables are the same
- the change in output that results from employing an added unit of labor
- the increase in revenue that results from the sale of one additional unit of output
- average fixed cost equals the total variable cost per unit of produced quantity
- describes how an increase in income can change the quantity of goods that consumers will demand
- The scenario where the additional unit of a variable factor of production results in higher output per unit, given that all other factors are constant
- rules that limit who can enter a business (entry controls) and what prices they may charge
- costs that are independent of volume
- measures how much the quantity supplied of a good or service changes when there is a price change
- a given percentage change in price leads to an equal percentage change in quantity demanded or supplied
- the degree to which demand responds to a change in an economic factor
- a good that adds value to another good when they are consumed together
- ongoing expenses incurred from the normal day-to-day of running a business
- a good that experiences an increase in demand due to an increase in a consumer's income
- a table that lists the quantity supplied for a good or service that suppliers throughout the whole economy are willing and able to supply at all possible prices
- An increase in orders and shipments of capital good
- a table that shows the quantity supplied at each price
40 Clues: all variables are the same • costs that are independent of volume • the cost that is required to produce a product • the quantity purchased varies inversely with price • An increase in orders and shipments of capital good • a table that shows the quantity supplied at each price • indicators that show us the current trends in the economy • ...
Economics Vocab 2024-02-25
Across
- a tabulation of the quantity of a good that all consumers in a market will purchase at a given price
- an expense that changes in proportion to production output or sales
- a table that shows the quantity supplied at each price
- a product or service that consumers see as essentially the same or similar-enough to another product
- ongoing expenses incurred from the normal day-to-day of running a business
- rules that limit who can enter a business (entry controls) and what prices they may charge
- the static quantity of a good or service when its price changes
- table that shows the quantity demanded of a good or service
- describes how an increase in income can change the quantity of goods that consumers will demand
- a graph that shows the relationship between price and supply
- a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time
- the use of population data as a way to study the patterns of behavior among groups of people that impact the economy
- the number of goods or services that suppliers will produce and sell at a given market price
- the total amount of money that a company earns through the selling of its goods and services, over a time period
- the degree to which demand responds to a change in an economic factor
- The scenario where the additional unit of a variable factor of production results in higher output per unit, given that all other factors are constant
- the cost that is required to produce a product
- adding an additional factor of production results in smaller increases in output
- an economic theory that predicts how the price of goods and services affects their supply
- a graph that shows the relationship between price and supply
- An increase in orders and shipments of capital good
Down
- takes place when the demand and subsequent sales numbers for a particular product decrease as the result of a price increase
- the increase in revenue that results from the sale of one additional unit of output
- costs that are independent of volume
- the quantity purchased varies inversely with price
- a table that lists the quantity supplied for a good or service that suppliers throughout the whole economy are willing and able to supply at all possible prices
- a good that experiences an increase in demand due to an increase in a consumer's income
- a good that adds value to another good when they are consumed together
- the change in output that results from employing an added unit of labor
- average fixed cost equals the total variable cost per unit of produced quantity
- taxes levied on specific goods or services like fuel, tobacco, and alcohol
- an economic concept used to measure the change in the aggregate quantity demanded of a good or service in relation to price movements of that good or service
- measures how much the quantity supplied of a good or service changes when there is a price change
- as the price of a good or service increases, the quantity of goods or services increases
- all variables are the same
- a given percentage change in price leads to an equal percentage change in quantity demanded or supplied
- the change in total production cost that comes from making or producing one
- an item that becomes less desirable as the income of consumers increases
- indicators that show us the current trends in the economy
- a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut
40 Clues: all variables are the same • costs that are independent of volume • the cost that is required to produce a product • the quantity purchased varies inversely with price • An increase in orders and shipments of capital good • a table that shows the quantity supplied at each price • indicators that show us the current trends in the economy • ...
Economics Glossary 2020-04-28
Across
- Equipment used to make goods and services
- An economy where people produce only enough goods and services for their own family
- Income flows that are removed from the Circular Flow model. (savings, tax, imports)
- Physical items used by consumer and services for a profit
- Income flows which are added to the Circular Flow of Income model (investment, govt. spending, exports)
- Actions done for consumers by producers
- Ability to combine all resources to make something (plan, recipe, system etc)
- Institution which handles money for households and firms
- Organisations that make goods and services
- Goods and services bought from overseas
- Situation where demand is greater than supply
- Basic necessities for life
- Organization with authority to make decisions for the population
- Payment for use of land
- A system where factors of production are owned by the government
- Goods and services which we desire but don’t need
- Where actions by one party have impacts on another, particularly economically.
Down
- Payment per hour for labour
- That part of earnings not spent
- A system which allows private ownership of the factors of production
- 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
- Basic units used to make goods and services
- All human effort, both physical and intellectual
- Action of only doing one part of the process
- Financial assistance given to people by the Government
- Money paid at a particular rate for the money lent
- An organization that sells goods
- Final users of goods and services to satisfy their needs and wants
- Purchase of new capital
- Payment earned by entrepreneurs
- All resources provided by nature
- Goods and services sold overseas
- Compulsory government levy
- Payment per year for labour
- Reward for the use of resources
- Place where goods and services are bought and sold.
- Used to pay for goods and services
38 Clues: Purchase of new capital • Payment for use of land • Basic necessities for life • Compulsory government levy • Payment per hour for labour • Payment per year for labour • That part of earnings not spent • Payment earned by entrepreneurs • Reward for the use of resources • An organization that sells goods • All resources provided by nature • Goods and services sold overseas • ...
Economics Crossword 2016-05-16
Across
- restraining trade between countries through methods such as tariffs on imported goods
- a political theory derived from Karl Marx
- international trade left to its natural course without tariffs, quotas, or other restrictions
- an American economist and statistician best known for his strong belief in free-market capitalism
- broadest quantitative measure of a nation's total economic activity
- an index of the variation in prices paid by typical consumers for retail goods and other items
- hands off government
- bottom point on graph
- everyone is eligible to work
- famous economist born in Vienna, Austria
- an individual retirement account
- measure of what an entity is worth
- currency that a government has declared to be legal tender, but is not backed by a physical commodity
- an increase in the value of one currency in terms of another
- ability to produce a better quality good using the same resources
- policy macroeconomic policy laid down by the central bank
- allows business owners to measure the additional benefits of one production activity versus its costs
- a situation when the price charged is more than or less than the equilibrium price
- use of monetary or fiscal policy changes to kick start a lagging or struggling economy
- known for Wealth of Nations
- measure of average income per person in a country
- complete control over imdustry
- situation in which income exceeds expenditures
- a state of limited competition
- money granted to help an industry
- measurement of "useful-ness" that a consumer obtains from any good
Down
- the system by which the value of a currency was defined in terms of gold
- used by economists to predict future economic activity
- an agreement among the United States, Canada and Mexico designed to remove tariff barriers between the three countries
- policy means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy
- also known as the "the Fed"
- measures how efficiently production inputs
- situation when the price charged is more than or less than the equilibrium price
- when the demand for a product or service exceeds its supply in a market
- if countries specialise in producing goods where they have a lower opportunity cost
- government program guaranteeing access to some benefit by members of a specific group and based on established rights or by legislation
- 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
- only global international organization
- an economic system in which private business operates in competition and largely free of state control
- resource that exceeds the portion that is utilized
- advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole
- smooth out the effects of expansion and contraction in the business cycle by using fiscal and monetary policy
- the less amount of money allowed to get paid when working
- the amount by which the cost of a country's imports exceeds the value of its exports
- an account that is used to set aside funds to be used in an emergency
- top point on graph
- mass production
- increase of progress
- decline of progress
- low supply
50 Clues: low supply • mass production • top point on graph • decline of progress • hands off government • increase of progress • bottom point on graph • also known as the "the Fed" • known for Wealth of Nations • everyone is eligible to work • complete control over imdustry • a state of limited competition • an individual retirement account • money granted to help an industry • ...
Economics Crossword 2019-08-03
Across
- The more you love this the more I have to pay to part with it
- RBI uses this rate to influence interest rate
- A branded market structure
- A kinky market!
- When this changes you just slide along a demand curve
- You really don't care wherever you are on this thing
- This thief robs your money while leaving g it with you
- As the Beatles said, it's all within you!
- The sight of babies made him sick
- Marx says labour alone creates this
Down
- He blamed inflation on the central bank's printing press
- When this changes you can jump between demand curves
- You maybe an all rounder but focus on this
- Price takers all
- If you don't want to buy from me you can't buy from anyone else
- Marshall said whenever you buy something you get this free
- His hand was invisible
- This made Marx resign from his teaching position
- Keynes says this is good for each one of us but deadly for the economy
- If not forgive you must forget this cost
20 Clues: A kinky market! • Price takers all • His hand was invisible • A branded market structure • The sight of babies made him sick • Marx says labour alone creates this • If not forgive you must forget this cost • As the Beatles said, it's all within you! • You maybe an all rounder but focus on this • RBI uses this rate to influence interest rate • ...
Economics Revision 2019-11-05
Across
- What firms/businesses give households in a flow diagram
- Something that is essential for survival
- The 'C' in factors of production
- Someone who makes a good or service
- The point where demand and supply meet on a graph
- The 'x' flow of income explains how money moves through an economy
- Pricing strategy where you charge $5.95 to make people think it's cheaper
- What you give up by choosing another option
- On a supply and demand graph, what INCREASES as price and quantity increase?
- A customer who always buys goods and services from the same business
- A consumer who only buys things when they are good value for money
Down
- A producer who produces food
- Wants are unlimited, but needs are limited
- The 'E' in factors of production
- A business may try to be 'x' - meaning they care about the people who make their products
- A producer who manufactures good in a factory
- Someone who buys a good or service
- Coles and Woolies banning plastic bags is an example of responding to which consumer demand?
- Pricing strategy where you charge a lot to make it look expensive
- The name for the group that give money to firms/businesses in a flow diagram
- Acronym for Factors of Production
- Something that you don't have to have but desire
22 Clues: A producer who produces food • The 'E' in factors of production • The 'C' in factors of production • Acronym for Factors of Production • Someone who buys a good or service • Someone who makes a good or service • Something that is essential for survival • Wants are unlimited, but needs are limited • What you give up by choosing another option • ...
Economics Crosswrod 2019-05-28
Across
- Demand / A decrease in government spending results in a decrease in _____.
- / general increase in prices over time
- / models strategic interactions of firms in oligopoly markets
- / tax where the proportion of income paid in taxes rises as income rises
- / excess burden caused from not being at the competitive market equilibrium
- / competition that has only one firm that sets prices
- / factor market in which there is a sole firm that has market power
- / an increase in money supply increases the quantity of investment demanded because of a decrease in ____.
- / a grant or contribution used to increase the supply of goods with positive externalities
Down
- / the period of time in which state of the economy declines
- / costs that are not affected by changes in output
- / when the interest rates in a country rise, the value of their ______ increases.
- / loss of funds for private investment caused by government borrowing
- / recurring fluctuations in economic activity consisting of recession and recovery and growth and decline
- / the percentage of the workforce that is unemployed
- / indirect costs included in economic profit
- / minimum price below which the product cannot be sold
- / when actions of a person have an impact on others
- / curve that shows increasing opportunity costs
- / C I G (X – M)
20 Clues: / C I G (X – M) • / general increase in prices over time • / indirect costs included in economic profit • / curve that shows increasing opportunity costs • / costs that are not affected by changes in output • / the percentage of the workforce that is unemployed • / when actions of a person have an impact on others • ...
ECONOMICS TERMINOLOGIES 2020-02-09
Across
- a sustained fall in the price level
- the tendency for people who are insured or otherwise protected to take greater risks
- the price of one currency against a basket of currencies
- confusion over relative prices caused by inflation
- used in the context of international trade, a situation where a country can produce a product at a lower opportunity cost than another country
- a fall in the inflation rate
- industries involved in providing knowledge-based services.
- a low rate of inflation
- someone who does not pay to use a public good
- Adam Smith’s criteria for a ‘good’ tax
- the setting up of production units or the purchase of existing production units in other countries.
- non-cash assets that can be quickly turned into cash
- a tax that is charged as a given percentage of the price
Down
- fluctuations in economic activity over a period of years.
- the income of people and fi rms being pushed into higher tax brackets as a result of infl ation.
- an accumulated stock of assets
- an increase in the international price of a currency caused by market forces
- the automatic way in which the market allows the preferences of consumers to be made known to producers.
- the extent to which the tax burden is borne by the producer or the consumer or both
- used in the context of international trade, a situation where, for a given set of resources, one country can produce more of a particular product than another country
- the total spending on an economy’s goods and services at a given price level in a given time period
- a fall in the exchange rate causing an increase in a current account defi cit before it reduces it due to the time it takes for demand to respond.
- flows of money moved around the world to take advantage of changes in interest rates and exchangerates
- within the balance of payments, a record of the trade in goods, trade in services, investment income and current transfers.
- a ban on imports and/or exports
25 Clues: a low rate of inflation • a fall in the inflation rate • an accumulated stock of assets • a ban on imports and/or exports • a sustained fall in the price level • Adam Smith’s criteria for a ‘good’ tax • someone who does not pay to use a public good • confusion over relative prices caused by inflation • non-cash assets that can be quickly turned into cash • ...
Economics Vocab 2020-10-27
Across
- is a graph that shows how much of a good or service an individual will buy at each price.
- Goods and services that can be used in place of other goods and services to satisfy consumer wants
- is the term used for a change in the amount of a product that a consumer will buy because the purchasing power of his or her income changes—even though the income itself does not change.
- shows the data found in the market demand schedule. In other words, it shows the quantity that all consumers, or the market as a whole, are willing and able to buy at each price.
- are the price of the resources needed to produce a good or service.
- is a graph that shows how much of a good or service an individual producer is willing and able to offer for sale at each price.
- are expenses that the owners of a business must incur whether they produce nothing, a little, or a lot.
- are goods that consumers demand less of when their incomes rise.
- The desire to have a good or service and the ability to pay for it.
- the act of controlling business behavior through a set of rules or laws, can also affect supply.
- are business costs that vary as the level of production output changes.
- states that producers are willing to sell more of a good or service at a higher price than they are at a lower price.
- is the added revenue per unit of output, or the money made from each additional unit sold
- of production by adding fixed and variable costs together.
Down
- is the pattern of behavior that occurs when consumers react to a change in the price of a good or service by buying a substitute product— one whose price has not changed and that offers a better relative value.
- which states that the marginal benefit from using each additional unit of a good or service during a given time period tends to decline as each is used.
- When the use of one product increases the use of another product, the two products
- States that when the price of a good or service falls, consumers buy more of it
- is a tax on the production or sale of a specific good or service.
- shows the data from the market supply schedule.
- when a change in price, either up or down, leads to a relatively larger change in the quantity demanded.
- This level of output is reached when the marginal cost and the marginal revenue are equal
- is the income a business receives from selling a product. It can be expressed by the formula Total Revenue = P Q, where P is the price of the product and Q is the quantity purchased at that price.
- are goods that consumers demand more of when their incomes rise.
- refers to the willingness and ability of producers to offer goods and services for sale.
- when a change in price leads to a relatively smaller change in the quantity demanded.
- cost: or the additional cost of producing one more unit of their product.
27 Clues: shows the data from the market supply schedule. • of production by adding fixed and variable costs together. • are goods that consumers demand less of when their incomes rise. • are goods that consumers demand more of when their incomes rise. • is a tax on the production or sale of a specific good or service. • ...
Economics Crossword 2020-04-30
Across
- A system where factors of production are owned by the government
- Organisation with authority to make decisions for the population
- The study of how people use scarce resources to satisfy needs and wants
- Complex group of firms in many countries each producing a component of a final product.
- The cost of the next-best alternative opportunity
- A system which allows private ownership of the factors of production
- A system where all factors of production, distribution and consumption of goods and services are controlled by the government
- Income flows which are added to the Circular Flow of Income model (investment, govt. spending, exports)
- An economy where people produce only enough goods and services for their own family
Down
- Where actions by one party have impacts on another, particularly economically.
- Situation where demand is greater than supply
- Compulsory government levy
- A company that operates in many countries with independent headquarters in each.(McDonalds)
- Raw materials used to make goods and services (land, labour, capital & enterprise)
- A company which operates in several countries with its headquarters in the parent country. (Apple)
- Income flows that are removed from the Circular Flow model. (savings, tax, imports)
- Financial assistance given to people by the Government
- Place where goods and services are bought and sold (Coles, Seek.com, Fremantle markets) Same as Market
- Place where goods and services are bought and sold.
- Place where factors of production are bought and sold.
20 Clues: Compulsory government levy • Situation where demand is greater than supply • The cost of the next-best alternative opportunity • Place where goods and services are bought and sold. • Financial assistance given to people by the Government • Place where factors of production are bought and sold. • A system where factors of production are owned by the government • ...
HEALTH ECONOMICS 2024-09-01
Across
- are provided in numerous ways and are an intangible activity
- is considered the father of macroeconomics.
- which literally means "management of a household
- a single purchaser in a market that has few or many sellers
- study or science
- is a systematic study of the state and government
- is whatever people make to help them make other things
- It deals with the behavior of the economy as a whole
- was considered the father of modern economics for his treatise An Inquiry into the Nature an Causes of the Wealth of Nations
- have a desire to possess or do; wish for.
- group of people
- is the scientific study of the human behavior.
- when there is not enough of it to satisfy human wants
- markets dominated by few firms
- Originated in France and were most popular during the second half of the 18th century
Down
- examined wealth accumulation
- is the process of reasoning from general to particular
- is the study of theproper allocation
- It is an economic analysis that explains what happens in the economy
- that various inputs are substitutable for one another in the production of nursing care
- the study of human societies and cultures and their development.
- comes from ground such as oil, gold, wheat
- portrayed as exploitative and alienating.
- It is the crucial determinant of how the overall economy performs.
- ground used to build structures
- deals with the behavior of individual components
- is the study of the society or groups
- is a social science that focuses on the study of past events.
- is the general category of the human effort that is used for the production of goods and services
- economics is concerned with what should be.
30 Clues: group of people • study or science • examined wealth accumulation • markets dominated by few firms • ground used to build structures • is the study of theproper allocation • is the study of the society or groups • portrayed as exploitative and alienating. • have a desire to possess or do; wish for. • comes from ground such as oil, gold, wheat • ...
Economics Crossword 2024-04-29
Across
- a measure of the way quantity supplied reacts to a change in price
- a level of production in which the marginal product of labor increases as the number of workers increase
- total cost divided by quantity produced
- graph of the quantity supplied of a good at different prices
- addtitional income from selling one more good
- amound that a supplier is willing and able to supply at a specific price
- cost that rises and falls
- desire to own something and the ability to pay for it
- table that lists the quantity of a good all consumers in a market will buy at various prices
- total amount of money a company recieves by selling a good or service
- sum of fixed costs plus variable cost
- the statistical characteristics of population and population segments especially when used to identify consumer markets
- good that are used in replace of another
- a factor that can change
- a good consumers demand more of when their incomes increase
- cost of operating a facility
Down
- consumers buy more of a good when its lower and less when its higher
- government intervention in a good market that affects the production of a good
- the cost of producing one extra good
- graph of the quantity supplied of a good by all suppliers at different prices
- a chart that lists how much of a good all suppliers will offer at various prices
- when consumers react to an increase in a good and more of a substitute good
- two good that are bought and used together
- cost that does not change
- table that lists the quantity of a good all consumers in a market will buy
- a good that consumers demand less of when thier incomes increase
- the change in consumption that results when a price increases
- demand that is not very sensitive to price changes
- graphic representation of a demand schedule
- the change in output from hiring one additional unit
- producers offer more of a good as its price increases and less as its price falls
- measure of how consumers respond to price changes
32 Clues: a factor that can change • cost that does not change • cost that rises and falls • cost of operating a facility • the cost of producing one extra good • sum of fixed costs plus variable cost • total cost divided by quantity produced • good that are used in replace of another • two good that are bought and used together • graphic representation of a demand schedule • ...
Economics Crossword 2024-04-22
25 Clues: claim • cobra • policy • perdiem • premium • benefits • coverage • Insurance • inpatient • deduction • uninsured • negligence • Deductible • enrollment • telehealth • coinsurance • beneficiary • contribution • personalrisk • compensation • prescription • policyholder • liabilityrisk • outofpocketmaximum • flexiblespendingaccount
COMPARATIVE ECONOMICS 2024-03-14
Across
- the total market value of all final goods and services produced in a country in a given period of time
- term for the condition where there are not enough resources to produce all the goods and services that people want
- the market structure characterized by a large number of firms producing differentiated products
- term for the cost of giving up the next best alternative when making a decision
- study of how individuals, households, and firms make decisions and interact in markets
- term for the way in which a market system allocates resources and distributes goods and services
- term for the money left over after all expenses have been paid
- French demographer, sociologist, and economist known for coining the term "Third World" to describe developing countries and for his work on regional development
- typE of economic system relies on private ownership of property and the means of production
- a period of declining economic activity spread across the economy, lasting more than a few months
- measure of the average level of prices of goods and services in the economy
Down
- total value of goods and services produced within a country's borders in a specific time period
- economic term for the division of labor into specialized tasks
- geopolitical tension and rivalry between the United States and its allies, and the Soviet Union and its allies, from the end of World War II to the early 1990s
- total output of goods and services produced in an economy in a given period of time
- graphical representation illustrates income distribution within a population, showing the cumulative share of income received by the cumulative percentage of recipients
- type of market structure is characterized by a single seller with no close substitutes
- study of the overall aspects and workings of an economy, such as inflation, unemployment, and economic growth
- refers to the coalition of countries, primarily led by the United States and its NATO allies, during the Cold War era
- meaning "all other things being equal," is often used in economics to isolate the effect of a single variable
- an advantage that refers to the condition where a country can produce a good at a lower opportunity cost than another country
- it is the measure of how responsive quantity demanded is to a change in price
22 Clues: economic term for the division of labor into specialized tasks • term for the money left over after all expenses have been paid • measure of the average level of prices of goods and services in the economy • it is the measure of how responsive quantity demanded is to a change in price • ...
Economics Revision 2024-04-16
Across
- collection of assets
- cost that depends on output produced
- market failure
- singe firm in the market
- study of firms, households and consumer
- pressure group
- total cost of production
- cost hidden cost
- times quantity
Down
- one of the factors of production
- goods goods provide by the govt
- bank bank that offers a range of accounts to businesses and individuals
- market clearing price
- medium of exchange
- items produced by the factors of production
- cost that does not change
- sentiveness to price changes
- goods that are bought together (petrol and car)
- goods alternatives
- study of government, central bank and policy
- many firms
- bank governments bank
22 Clues: many firms • market failure • pressure group • times quantity • cost hidden cost • medium of exchange • goods alternatives • collection of assets • market clearing price • bank governments bank • singe firm in the market • total cost of production • cost that does not change • sentiveness to price changes • goods goods provide by the govt • one of the factors of production • ...
APPLIED ECONOMICS 2024-04-24
Across
- Excess supply in the market.
- Income that comes from the ownership of land.
- Goods - are goods and services that vary inversely with income.
- The limited availability of a resource, good, or service.
- Because there is scarcity, people have to choose which wants to satisfy first.
- Are compulsory contributions to the government.
- Refers to an increase in the average price levels of an economy’s basket of goods over a period of time.
- GDP - Refers to the value of the gross domestic product that is not adjusted for inflation.
- Factors - These are positive aspects that attract people to move to another region or location.
- A type of economic system that takes the best characteristics from each of the other three systems.
- Excess demand in the market.
- Debt - Big loans promote inflation and if inflation is high, the debt will be serviced and eventually paid off with cheaper actual dollars.
- Is the order of an individual's choices and alternatives based on their relative utility (satisfaction).
- Goods that are demanded or consumed in place of another good.
- Looks at aggregates and larger economic agents.
- Income generated by firms operating in the country.
- Are people who leave one country or region to settle in another.
- Increase in the value of capital goods.
- Can complement or replace existing labor.
- Goods - These are goods where the demand is independent of the price of other goods.
- GDP - Focuses on the value of goods and services produced in a given time period with constant prices.
Down
- Factors - These are negative reasons that cause people to leave their homes.
- Are special grants by the government in financial aid, tax exemptions, or privileges.
- Cost - The value of the next best alternative.
- Spending by firms and households on capital and long-term goods.
- Refers to the investments made to improve production
- Goods that are demanded or consumed along with other goods.
- Goods - The housing and rental spaces are.
- It is the curve that shows the change in quantity given in price
- Purchase of goods by individuals and households.
- Enter and settle in a foreign country or region, leaving a past.
- Are people who, because of a problem in their former home, have immigrated to a new country or region.
- Focuses on individuals and smaller economic agents.
- The satisfaction or usefulness the consumption of a good can bring.
- Opportunity costs of engaging in leisure.
- Growth - The increase in real gross domestic product or GDP.
- Rate - the price of every unit of a foreign currency valued in the domestic currency.
- It is caused by non-price determinants or factors.
- This is where buyers and sellers meet to exchange goods and services.
- A type of economic system that answers economic questions through the honoring of tradition and established trends.
- Refers to resources that can be attributed to the land or the sea.
- Refers to the tangible human element in the production process
42 Clues: Excess supply in the market. • Excess demand in the market. • Increase in the value of capital goods. • Opportunity costs of engaging in leisure. • Can complement or replace existing labor. • Goods - The housing and rental spaces are. • Income that comes from the ownership of land. • Cost - The value of the next best alternative. • ...
HEALTH ECONOMICS 2024-09-14
Across
- - A set of principles or plans guiding healthcare decisions.
- - The economic system where healthcare services and products are bought and sold.
- - The management of money in healthcare, including budgeting and payments.
- - A disagreement, especially in healthcare negotiations.
- - The system of wealth and resources affecting healthcare funding.
- - Availability of healthcare resources like medication and equipment.
- - Medical care given to patients to manage a condition.
- - A person or institution delivering healthcare services.
- - Variety in healthcare workforce or population served.
- - Related to government-provided or supported healthcare.
- - An estimate of income and expenditure for healthcare services.
- - The act of overseeing healthcare services and resources.
- - The ability to receive healthcare services.
Down
- - A benefit or reward used to encourage specific behaviors in healthcare.
- - Investigating healthcare problems to find solutions or improvements.
- - Individuals or groups with an interest in health policy outcomes.
- - Health services designed to prevent illness or injury.
- - Using healthcare resources in a way that maximizes benefits while minimizing costs.
- - A financial product providing coverage for health-related costs.
- - The amount of money required to access healthcare services.
- - The results of healthcare interventions.
- - A disorder affecting health.
- - Confidence in the quality or integrity of healthcare services.
- - Desire for healthcare services in the market.
- - Information collected to analyze healthcare trends and effectiveness.
- - A facility providing health care services and treatment.
- - Fair and just access to healthcare services for all.
- - State of complete physical, mental, and social well-being.
28 Clues: - A disorder affecting health. • - The results of healthcare interventions. • - The ability to receive healthcare services. • - Desire for healthcare services in the market. • - Fair and just access to healthcare services for all. • - Medical care given to patients to manage a condition. • - Variety in healthcare workforce or population served. • ...
HEALTH ECONOMICS 2024-09-14
Across
- Chain - The network involved in producing and distributing healthcare goods.
- - The optimal use of resources to deliver healthcare.
- - The ability to use or obtain healthcare.
- - Financial assets or resources for healthcare systems.
- - Plans or decisions guiding healthcare practices.
- - Actions taken to prevent illness or injury.
- - The ability to reach or use healthcare services.
- - The result of healthcare interventions and services.
- - Fair and impartial healthcare access for all.
- - New methods, ideas, or products in healthcare.
- - The ability to maintain healthcare services long term.
- - Systematic investigation into health issues and solutions.
- - The care provided to manage or cure health conditions.
- - The desire or need for healthcare services.
Down
- - Something that encourages specific behavior in healthcare.
- - A comparison of the benefits and costs of health interventions.
- - Financial planning for healthcare services.
- - The management of money within healthcare.
- - The availability of health resources like medication and staff.
- Health - International health issues and challenges.
- - Financial protection covering health-related expenses.
- - Related to government-supported healthcare.
- - The economic system for buying and selling healthcare services.
- - A person or institution that delivers medical services.
- - Individuals or groups with an interest in healthcare outcomes.
- - The financial requirement for healthcare services.
- - Information gathered to make healthcare decisions.
- - Variety within healthcare workforce or population served.
- - The wealth and resources of a country affecting healthcare.
- - Moral principles guiding healthcare decisions.
30 Clues: - The ability to use or obtain healthcare. • - The management of money within healthcare. • - Financial planning for healthcare services. • - Related to government-supported healthcare. • - Actions taken to prevent illness or injury. • - The desire or need for healthcare services. • - Fair and impartial healthcare access for all. • ...
HEALTH ECONOMICS 2024-09-14
Across
- Chain - The network involved in producing and distributing healthcare goods.
- - The optimal use of resources to deliver healthcare.
- - The ability to use or obtain healthcare.
- - Financial assets or resources for healthcare systems.
- - Plans or decisions guiding healthcare practices.
- - Actions taken to prevent illness or injury.
- - The ability to reach or use healthcare services.
- - The result of healthcare interventions and services.
- - Fair and impartial healthcare access for all.
- - New methods, ideas, or products in healthcare.
- - The ability to maintain healthcare services long term.
- - Systematic investigation into health issues and solutions.
- - The care provided to manage or cure health conditions.
- - The desire or need for healthcare services.
Down
- - Something that encourages specific behavior in healthcare.
- - A comparison of the benefits and costs of health interventions.
- - Financial planning for healthcare services.
- - The management of money within healthcare.
- - The availability of health resources like medication and staff.
- Health - International health issues and challenges.
- - Financial protection covering health-related expenses.
- - Related to government-supported healthcare.
- - The economic system for buying and selling healthcare services.
- - A person or institution that delivers medical services.
- - Individuals or groups with an interest in healthcare outcomes.
- - The financial requirement for healthcare services.
- - Information gathered to make healthcare decisions.
- - Variety within healthcare workforce or population served.
- - The wealth and resources of a country affecting healthcare.
- - Moral principles guiding healthcare decisions.
30 Clues: - The ability to use or obtain healthcare. • - The management of money within healthcare. • - Financial planning for healthcare services. • - Related to government-supported healthcare. • - Actions taken to prevent illness or injury. • - The desire or need for healthcare services. • - Fair and impartial healthcare access for all. • ...
HEALTH ECONOMICS 2024-09-12
Across
- when there is not enough resources to satisfy human wants
- management of a household
- the knowledge, skills, and attitudes that humans possess that allow them to produce
- primary element in deciding what to produce and how to go about the production process
- are tangible, something that can be seen or touched
- essential for human survival
- the one who brings together all the resources of land, labor, and capital
- study of the society or groups
- study of past events
- general category of the human effort that is used for the production of goods and services
- often called factors of production
- deemed as "Government of Nature"
- studies the biological, psychological, social, and cultural aspects of human life
- used the idea of diminishing returns to explain low living standards
- considered as the father of macroeconomics.
Down
- deals with care of sickness, promotion, maintenance and improvement of health.
- deals with the behavior of the economy as a whole
- rebuked the capitalist system
- father of modern economics
- provided in numerous ways and are an intangible activity
- all four of the decisions must be made
- "Money matters, and it matters a lot.”
- states that the greater the demand, the more that will be supplied; the lower the demand, the less that will be supplied.
- systematic study of the state and government
- study of the proper allocation and efficient use of scarce resources
- describes the ground
- individuals give up an opportunity to use or enjoy something in order to select something else
- states that the higher the price, the lower the demand; the lower the price, the higher the demand
- scientific study of the human behavior
- goods that give more satisfaction
30 Clues: describes the ground • study of past events • management of a household • father of modern economics • essential for human survival • rebuked the capitalist system • study of the society or groups • deemed as "Government of Nature" • goods that give more satisfaction • often called factors of production • all four of the decisions must be made • ...
Economics Puzzle 2024-06-07
Across
- Human effort in production
- Factors used in producing goods and services
- Benefit Comparing the cost to the benefit
- Spotify, Netflix, and Apple Music are examples of...
- Starting and creating a business
- When a sum of money is too small
- Financial resources
- Physical and organizational structures needed for the operation of a society
- One who creates goods and services
- Discouraged from doing something
- Responsible for leading a company
Down
- The study of how society chooses to use scarce resources to satisfy unlimited wants and needs
- Motivates to act
- Cost Trade-off
- Not enough (limited)resources across
- Increases in general prices
- opportunity costs
- People who purchase goods and services
- Factors of production
- One who engages in buying and selling
20 Clues: Cost Trade-off • Motivates to act • opportunity costs • Financial resources • Factors of production • Human effort in production • Increases in general prices • Starting and creating a business • When a sum of money is too small • Discouraged from doing something • Responsible for leading a company • One who creates goods and services • Not enough (limited)resources across • ...
Applied Economics 2024-09-29
Across
- The act of selecting one option from a set of alternatives, often based on preferences, needs, and available resources.
- The amount of money earned by individuals or households.
- The tools, equipment, machinery, and infrastructure used in production. It includes both physical capital (factories, computers) and human capital (education, skills).
- uneven distribution of income within a society, where some individuals and households have significantly higher incomes than others.
- Goods or services that are often consumed together.
- growth that benefits all members of society, especially those who are typically excluded or disadvantaged.
- The difference between total revenue and total costs, representing the financial gain earned by a business.
- The increase in the production of goods and services in an economy over time, usually measured as the percentage change in GDP.
- The satisfaction or benefit that a consumer derives from consuming a good or service.
- The human effort and skills used in the production of goods and services.
- An economic system where the government controls all aspects of production, distribution, and pricing.
- The payment made for the use of land or property.
- A government-imposed minimum price that can be charged for a good or service.
- The perspective of the economy as a whole, encompassing national or global economic trends and factors.
- An economic system where prices and production are determined by the forces of supply and demand, with minimal government intervention.
- Dishonest or fraudulent conduct by those in positions of power, often for personal gain.
- An economic system where the means of production are owned and controlled by the state or collectively by the people.
- Goods or services that can be used in place of each other.
- A movement of the entire demand or supply curve to the left or right.
- The process of improving the standard of living in a country or region, including factors like increased income, better infrastructure, education, healthcare, and overall well-being.
- Consumer preferences for goods and services.
- In economics, land refers to all natural resources used in production, including raw materials, minerals, and land itself.
- Power The ability of suppliers to influence the terms of trade in their favor.
- A graphical representation of the relationship between the price of a good or service and the quantity supplied at each price point.
- The point where the quantity demanded of a good or service equals the quantity supplied, resulting in a stable price.
- The branch of economics that studies the behavior of individual consumers, businesses, and markets, focusing on topics like supply and demand, pricing, and resource allocation.
- The process of combining land, labor, and capital to create new businesses and products, taking risks and innovating.
Down
- The payment received by workers for their labor, typically expressed as an hourly rate or annual salary.
- An upward movement along the demand or supply curve, indicating a higher quantity demanded or supplied at a higher price.
- A graphical representation of the relationship between the price of a good or service and the quantity demanded at each price point.
- The act of using goods and services to satisfy wants and needs.
- The amount of a good or service that consumers are willing and able to purchase at a given price.
- The value of the best alternative forgone when making a choice. It represents the potential benefits missed by choosing one option over another.
- The way in which national income is divided among different individuals and households within an economy.
- The state of being extremely poor, lacking basic necessities like food, shelter, and healthcare.
- A political and economic ideology that advocates for a classless society where the means of production are owned and controlled by the stat
- The principle that, all other factors being equal, as the price of a good or service increases, the quantity demanded decreases.
- A government-imposed maximum price that can be charged for a good or service.
- The study of how individuals, businesses, and governments make choices about how to allocate scarce resources to satisfy their unlimited wants and needs
- The state of being equal in terms of rights, opportunities, and treatment.
- The fundamental economic problem that arises from the fact that human wants and needs are unlimited, while the resources available to satisfy them are finite.
- The perspective of individual consumers, businesses, or specific markets within the broader economy.
- A method of calculating GDP by adding up all the incomes earned in an economy, including wages, salaries, profits, and rents.
- The set of rules, institutions, and mechanisms that govern the production, distribution, and consumption
- The branch of economics that studies the behavior of the economy as a whole, including topics like inflation, unemployment, economic growth, and government policies.
- A situation where a small percentage of the labor force is unemployed, indicating a healthy and active economy.
- price at which the quantity demanded of a good or service equals the quantity supplied.
- Fairness and justice in the distribution of resources and opportunities.
- A situation where the quantity demanded of a good or service exceeds the quantity supplied, leading to higher prices and potential rationing.
- A situation where the quantity supplied of a good or service exceeds the quantity demanded, leading to lower prices and potential waste.
- The cost of borrowing money, typically expressed as a percentage of the principal amount.
51 Clues: Consumer preferences for goods and services. • The payment made for the use of land or property. • Goods or services that are often consumed together. • The amount of money earned by individuals or households. • Goods or services that can be used in place of each other. • The act of using goods and services to satisfy wants and needs. • ...
APPLIED ECONOMICS 2024-09-30
Across
- the amount of labour that employers seek to hire during a given time period
- anything that gives its owner value or advantage
- it is caused non price determinants of factors
- products that have no connection or relationship to each other and do not affect each other in any way
- directly related to the demand and supply of labor in a labor market
- the highest price at which a good or service can be sold
- the ability to set the sales price for commodity-based end items using the market replacement cost of the main ingredient
- is when labor supply is greater than labor demand
- when comparing a certain economic metric to a population
- As the price of goods and services increases,the quantity supplied also increase
- people forced to flee their own country and seek safety in another country
- or resistant to a decline or increase
- when an individual who is not employed and is seeking employment, cannot find work
- excess supply in the market
- a paid mutual work arrangement recruiter and employee
- the total amount of money—cash
- a situation where the desire for a product or service exceeds the available supply.
- money received, especially on a regular basis, for work or through investments.
- when there is no shortage or surplus of a product in the market.
- are products that are not considered to be basic needs
- is when labor demand is greater than labor supply
- refers to the supply of and demand for labor.
- the demand for a good or service is greater than the availability of the good or service.
- an economic ideology that advocates for a classless society
- the rate of increase in prices over a given period of time.
- are pricefloor for labor
- determine how much home-buyers are charged to borrow and buy a property,
- studies the decisions of individuals and firms to allocate resources
- is the amount of labor employers seek to hire
- when an individual who has an idea acts on that idea, usually to disrupt the current market with a new product or service.
- citizenship who reside in another country for a limited period of employment.
- an approach to growth and human development
- an asset or item acquired to generate income or gain appreciation.
- can complement or replace existing labor
- occurs when market supply equals market demand
- the financial benefit realized when revenue generated from a business activity exceeds the expenses.
- a mandatory payment or charge collected
- a table that shows the quantity demanded at each price
- a person or organization that provides something needed such as a product or service.
- setting tax rates, setting interest rates, and government expenditures.
- the use of goods and services by a household.
- is any agreement that's legally enforceable
- a person who leaves their own country in order to settle permanently in another.
- To combat demand-pull and cost-push inflation"
Down
- a basic good traded in large volumes and interchangeable with other goods
- goods used to produce a product or service to be sold to consumers
- relating to the work done or those who work in an office or other professional environment.
- payment from a debtor or deposit-
- occurs when overall prices increase due to increases in the cost of wages and raw materials
- goods whose demand decreases with an increase in income.
- workers who perform manual labor
- occurs when the quantity demanded is greater than the quantity supplied at the market price
- when people are required to have more education
- a table that shows the quantity supplied at each price.
- limited government intervention
- an organisational unit producing goods or services
- a person who comes to a country to take up permanent residence
- wealth of naton
- the quantity demanded of a good shows an inverse relationship with the price of a good
- a system in which a central governmental authority sets permitted levels of production
- visual representations of information
- is often thought of as an economic system in which private actors own and control property in accord with their interests,
- As the price of goods and services increases,the quantity demanded also decrease
- materials, basic resources, agricultural, or mining products
- This is the property of an individual.
- product or service that consumers see as essentially the same or similar-enough to another product.
- a form of inflation.
- a field of economics that investigates economic phenomena over time
- amount of money that is regularly paid to them for the work that they do.
- organizations that produce goods and services
- the general decline in the price level of goods and services
- work, especially hard physical work.
- when you choose one thing which causes you to have to give up, or sacrifice, another.
- is the amount of labor offered for hire
- an increase in the size of a country's economy over a period of time.
- expectation about the products future price
- is critical to ensuring that your interests are protected as much as possible
- a movement meant to protect the Earth's ecosystems.
- a tax on sales
- embodies the principle that wealth creation
- focuses on the performance of economies
- when there are more producers,the overall supply increases
- a tax charged on the annual income of an individual
- a tax or duty to be paid on a particular class.
- along the curve shows the change in quantity
- the state of being equal, especially in status, rights and opportunities.
- a simplified description of reality, designed to yield hypotheses about economic behavior that can be tested
- order alternatives -based w/their utility
- an item that is produced for direct use by the end consumers
- the money returned to company investors after all debts are paid and assets liquidated
90 Clues: a tax on sales • wealth of naton • a form of inflation. • are pricefloor for labor • excess supply in the market • the total amount of money—cash • limited government intervention • workers who perform manual labor • payment from a debtor or deposit- • work, especially hard physical work. • or resistant to a decline or increase • visual representations of information • ...
Applied economics 2024-10-01
Across
- when the central bank manage the nations currency against foreign currency
- it shows the negative relationship between wage rate and labor quantity.
- are workers who engage in hard manual labor
- the government spends more on
- expectation for a future price increase will influence the demand for goods and services .
- is the number of units that a seller is willing to produce at any given price
- are people who because of a problem in their former home
- enter ad settle in a foreign country or region leaving a past home
- are negative reasons that cause people to leave their homes
- are special Grands by the government in financial aid tax exemption or privilege
- are products that serve as important needs for consumer's lives and survival.
- the satisfaction decrease
- higher cost means lower profits and produce will supply less at any given price
- downward sloping
- the point where the quantity demanded is equal to the guantity supplied
- from foreign sources to make up the deficit.
- as the prices of Goods and service increase the QS also increase
- below equilibrium price
- Big loans promote inflation and if inflation is high.
- above the equilibrium
- additional cost from a unit of an action
- It is a major component of every economy in commodities and services market.
- fix exchange rate system helps the government support
- the bangko sentral ng pilipinas uses a floating exchange rate
- is the guantity demand and guantity supplied at equilibrium
- opportunity cost of engaging in leisure.
- Amount of labor offered for hire wghin a given period
- trade the ration of export rates and import price
- Are commercially- availability goods and services that are compatible with other commodities.
- along the curve shows the change in quantity given a price change
- willing to sell
- are known as suit and tie workers
- lower than equilibrium market price
Down
- as price increase guantity supplied increase
- large quantities by speculation with the intent of benefiting from future increase
- trade than it receives and that it borrows
- that are demanded or consumed along with other goods
- are positive aspects that attract people to move to another region or location
- are goods and services that very inversely with income
- is an average spike in the price commodities due to an increase in income.
- arrangement where the employee will provide services for the employer, and the service shall be compensated
- and demand schedule is the table relationship between the price and quantity demanded
- are compulsory contribution to the government
- the exercise of demand and the demand shock income
- state of imbalance
- any improvement in technology or techniques in production enable firms to produce more
- of demand for goods increase as income in creases
- demand can also depend on buyers characteristics
- its buying capacity grow Compared to another currencies
- the boundary of the price of the commodity in the market
- price control of the government manebated and set the minimum amount of seller can change for goods
- that are demanded or consumed in place of another good
- loses producer gain consumer
- the amount of labor that is being Hired at the equilibrium wage is called?
- the examination of the additional benefits of an activity compares to the additional cost
- global investors search for prosperous countries with high economic results to spend their money
- occurs when people are in between jobs or,if they do not have work,are actively seeking it.
- the point at which labor demand and labor supply vonverge and intersect.
- marketing clearing price
- willing to buy
- are goods where the demand is independent of the price of another goods
- order the alternative of relative utility
- greater than equilibrium market price
- are products that are not considered to be basic necessities but are necessary to consumers.
- The amount of labor that employers wish to hireat a given time illustrated by the labor demand curve.
- is the price of every unit of a foreign currency value in the domestic currency
- greater than equilibrium market price
- as the price of goods and services increase the QS also increases
- are people who leave one country or ragion to settle another
- lower than equilibrium market price
- all quantities supplied at different price level
71 Clues: willing to buy • willing to sell • downward sloping • state of imbalance • above the equilibrium • below equilibrium price • marketing clearing price • the satisfaction decrease • loses producer gain consumer • the government spends more on • are known as suit and tie workers • lower than equilibrium market price • lower than equilibrium market price • ...
Applied economics 2024-10-02
Across
- Employment:It is a crucial factor in determining individual and household.
- Migration: refers to the movement of people from one place to another.
- Supply: The willingness and ability of producers.
- Remittances: are payments sent by migrants to their families and communities.
- Pull Factors:conditions or opportunities that attract people to new destinations.
- Immigrants: are individuals who arrive in a new country to live permanently.
- inflation:refers to a persistent.
- Tax: It is a major source of revenue for governments.
- Price Floor: They can lead to surpluses and inefficiencies.
- Wages: The price of labor, influenced by supply and demand.
- Price Control: This can include price ceilings, price floors, or other measures.
- Cost: The additional cost of producing one more unit of output.
- Micro Level: economics focuses on individual economic decisions.
- Basic Commodities: are essential goods and services that are necessary.
- Surplus: maximum price a consumer.
- Sales tax: It is typically collected by retailers and remitted to the government.
- Emigrants: are individuals who leave their home countries.
- a general increase in the prices of goods and services in an economy over time.
- Inclusive Growth: It aims to reduce inequality and ensure that everyone.
- Price Floor: typically used to support producers or workers.
- Price Discrimination: Charging different prices to different customers.
- Implicit:opportunity costs of using resources, such as the value of the owner's.
- Socialism: It aims to reduce inequality and promote social welfare.
- Equilibrium Quantity: bought and sold at the equilibrium price.
- Resources: Factors of production.
- Demand: The willingness and ability of consumers.
- Low Unemployment: refers to a situation where a small percentage of the labor.
- Inflation: occurs when the cost of production increases.
- of Demand: As price increases, quantity demanded decrease.
- supplied exceeds quantity demanded.
- A market structure with a single seller and no close substitutes.
- Land: refers to the solid part of the Earth's surface.
- refer to a change in position, direction.
- Consumption: goods and services by individuals or households
- Wages: are the lowest legal wage that employers.
- Commodities: are raw materials, such as agricultural products.
- The study of the economy as a whole.
- Models: Simplified representations of economic phenomena.
- Supply Curve: relationship between price and quantity supplied.
- Basic Commodities: Essential goods and services.
- Monopolistic Competition: A market structure with many sellers.
- A measure of the responsiveness of one variable to another
- Ceiling: A government-imposed maximum price for a good or service.
- Equity:refers to fairness and justice in the way people are treated.
- The fundamental economic problem of unlimited.
- refer to individual preferences and desires for goods and services.
Down
- Push Factors: conditions or events that drive people to leave their home countries.
- Human Capital: refers to the skills, knowledge.
- in Supply: Factors that cause the entire supply curve to shift
- Self-Interest:Individuals and firms act in their own best interests.
- Income Approach: method of calculating national income.
- refers to the application of scientific knowledge.
- Labor:human effort, both physical and mental, used in the production of goods.
- Preference: They are a key factor in determining demand for goods.
- Deadweight Loss: surplus due to market inefficiencies.
- Tangible items that satisfy wants.
- The study of individual economic units.
- out-of-pocket expenses incurred by busine
- Macro Level:economics examines the economy as a whole.
- Capital:refers to the resources used in the production.
- Slope:It can be used to represent the relationship between two variables.
- Capitalism:It emphasizes individual initiative, profit maximization.
- of Input: refers to the expenses incurred by a business.
- Investment: involves committing resources, typically money, to acquire.
- Price: quantity demanded equals quantity supplied.
- Surplus: minimum price a producer.
- Cost: The value of the next best alternative forgone.
- Population Growth: Can affect labor supply, demand for goods.
- Marginal Revenue: The additional revenue from selling.
- Curve: relationship between price and quantity demanded.
- is the opposite of inflation, characterized by a general decrease.
- Economics: Describes economic phenomena.
- Labor Supply: The willingness and ability of workers to offer their services.
- Communism: It aims to create a society free from exploitation.
- Wage: A legal minimum price that can be paid for labor.
- of Supply: As price increases, quantity supplied increases
- Competition: A market structure with many buyers and sellers.
- Shifts in Demand: Factors that cause the entire demand curve
- is the flow of money or other assets that an individual or household.
- inflation: occurs when the demand for goods and services.
- Oligopoly: A market structure with a few dominant sellers.
- Unemployment: refers to the situation where individuals.
- Normative Economics: Makes judgments about how the economy.
- Equality: the state of being equal.
- are used to protect domestic industries and generate.
- Intangible activities that satisfy wants.
- state of lacking the financial resources and essentials.
- Price Ceilings:government-imposed maximum prices for goods and services.
- Shortage: exceeds quantity supplied.
- Refugees:are individuals forced to flee their home countries due to persecution.
90 Clues: inflation:refers to a persistent. • Tangible items that satisfy wants. • Surplus: maximum price a consumer. • Surplus: minimum price a producer. • Resources: Factors of production. • supplied exceeds quantity demanded. • Equality: the state of being equal. • The study of the economy as a whole. • Shortage: exceeds quantity supplied. • ...
Applied economics 2024-10-02
Across
- Employment:It is a crucial factor in determining individual and household.
- Migration: refers to the movement of people from one place to another.
- Supply: The willingness and ability of producers.
- Remittances: are payments sent by migrants to their families and communities.
- Pull Factors:conditions or opportunities that attract people to new destinations.
- Immigrants: are individuals who arrive in a new country to live permanently.
- inflation:refers to a persistent.
- Tax: It is a major source of revenue for governments.
- Price Floor: They can lead to surpluses and inefficiencies.
- Wages: The price of labor, influenced by supply and demand.
- Price Control: This can include price ceilings, price floors, or other measures.
- Cost: The additional cost of producing one more unit of output.
- Micro Level: economics focuses on individual economic decisions.
- Basic Commodities: are essential goods and services that are necessary.
- Surplus: maximum price a consumer.
- Sales tax: It is typically collected by retailers and remitted to the government.
- Emigrants: are individuals who leave their home countries.
- a general increase in the prices of goods and services in an economy over time.
- Inclusive Growth: It aims to reduce inequality and ensure that everyone.
- Price Floor: typically used to support producers or workers.
- Price Discrimination: Charging different prices to different customers.
- Implicit:opportunity costs of using resources, such as the value of the owner's.
- Socialism: It aims to reduce inequality and promote social welfare.
- Equilibrium Quantity: bought and sold at the equilibrium price.
- Resources: Factors of production.
- Demand: The willingness and ability of consumers.
- Low Unemployment: refers to a situation where a small percentage of the labor.
- Inflation: occurs when the cost of production increases.
- of Demand: As price increases, quantity demanded decrease.
- supplied exceeds quantity demanded.
- A market structure with a single seller and no close substitutes.
- Land: refers to the solid part of the Earth's surface.
- refer to a change in position, direction.
- Consumption: goods and services by individuals or households
- Wages: are the lowest legal wage that employers.
- Commodities: are raw materials, such as agricultural products.
- The study of the economy as a whole.
- Models: Simplified representations of economic phenomena.
- Supply Curve: relationship between price and quantity supplied.
- Basic Commodities: Essential goods and services.
- Monopolistic Competition: A market structure with many sellers.
- A measure of the responsiveness of one variable to another
- Ceiling: A government-imposed maximum price for a good or service.
- Equity:refers to fairness and justice in the way people are treated.
- The fundamental economic problem of unlimited.
- refer to individual preferences and desires for goods and services.
Down
- Push Factors: conditions or events that drive people to leave their home countries.
- Human Capital: refers to the skills, knowledge.
- in Supply: Factors that cause the entire supply curve to shift
- Self-Interest:Individuals and firms act in their own best interests.
- Income Approach: method of calculating national income.
- refers to the application of scientific knowledge.
- Labor:human effort, both physical and mental, used in the production of goods.
- Preference: They are a key factor in determining demand for goods.
- Deadweight Loss: surplus due to market inefficiencies.
- Tangible items that satisfy wants.
- The study of individual economic units.
- out-of-pocket expenses incurred by busine
- Macro Level:economics examines the economy as a whole.
- Capital:refers to the resources used in the production.
- Slope:It can be used to represent the relationship between two variables.
- Capitalism:It emphasizes individual initiative, profit maximization.
- of Input: refers to the expenses incurred by a business.
- Investment: involves committing resources, typically money, to acquire.
- Price: quantity demanded equals quantity supplied.
- Surplus: minimum price a producer.
- Cost: The value of the next best alternative forgone.
- Population Growth: Can affect labor supply, demand for goods.
- Marginal Revenue: The additional revenue from selling.
- Curve: relationship between price and quantity demanded.
- is the opposite of inflation, characterized by a general decrease.
- Economics: Describes economic phenomena.
- Labor Supply: The willingness and ability of workers to offer their services.
- Communism: It aims to create a society free from exploitation.
- Wage: A legal minimum price that can be paid for labor.
- of Supply: As price increases, quantity supplied increases
- Competition: A market structure with many buyers and sellers.
- Shifts in Demand: Factors that cause the entire demand curve
- is the flow of money or other assets that an individual or household.
- inflation: occurs when the demand for goods and services.
- Oligopoly: A market structure with a few dominant sellers.
- Unemployment: refers to the situation where individuals.
- Normative Economics: Makes judgments about how the economy.
- Equality: the state of being equal.
- are used to protect domestic industries and generate.
- Intangible activities that satisfy wants.
- state of lacking the financial resources and essentials.
- Price Ceilings:government-imposed maximum prices for goods and services.
- Shortage: exceeds quantity supplied.
- Refugees:are individuals forced to flee their home countries due to persecution.
90 Clues: inflation:refers to a persistent. • Tangible items that satisfy wants. • Surplus: maximum price a consumer. • Surplus: minimum price a producer. • Resources: Factors of production. • supplied exceeds quantity demanded. • Equality: the state of being equal. • The study of the economy as a whole. • Shortage: exceeds quantity supplied. • ...
IGCSE Economics 2024-10-02
Across
- A period of economic decline with falling GDP
- The point where supply and demand intersect
- The willingness and ability to sell a good or service
- The transfer of ownership from public to private sector
- Policies related to money supply and interest rates
- A fall in the value of a currency
- A market structure with a few dominant firms
- A cost or benefit that affects a third party
- A general decrease in price levels over time
Down
- A tax on imported goods
- The responsiveness of demand or supply to changes in price
- Government spending and taxation policies
- A limit on the quantity of imported goods
- Focusing on producing goods with a comparative advantage
- A general increase in price levels over time
- The cost of the next best alternative forgone
- The increasing interconnectedness of world economies
- The fundamental economic problem of limited resources and unlimited wants
- A market structure with a single seller
- The willingness and ability to buy a good or service
20 Clues: A tax on imported goods • A fall in the value of a currency • A market structure with a single seller • Government spending and taxation policies • A limit on the quantity of imported goods • The point where supply and demand intersect • A general increase in price levels over time • A market structure with a few dominant firms • ...
Economics Review 2023-03-03
Across
- the most desirable alternative given up as the result of a decision
- a business owned by stockholders who share in its profits but are not personally responsible for its debts
- land, labor, capital, entrepreneurship
- quantity supplied is greater that quantity demanded
- limited quantities of resources to meet unlimited wants
- a market in which there are many buyers but only one seller
- the quantity of a good or service that consumers are willing and able to buy
- a tax on imported goods
- quantity demanded is greater than quantity supplied
- official money used by a government
- a legal maximum on the price at which a good can be sold
- a limit placed on the quantities of a product that can be imported
- the quantity of something that producers have available for sale
- a legal minimum on the price at which a good can be sold
Down
- a business owned and controlled by one person
- a few seller sale similar products
- the quantity of money available in the economy
- two or more good that satisfy a similar need
- an official ban on trade or other commercial activity with a particular country
- government policy that attempts to manage the economy by controlling the money supply and thus interest rates
- a business in which two or more persons combine their assets and skills
- the central banking system of the United States
- quantity supplied equals quantity demand
- the additional benefit to a consumer from consuming one more unit of a good or service
- a state in which opposing forces or influences are balanced.
25 Clues: a tax on imported goods • a few seller sale similar products • official money used by a government • land, labor, capital, entrepreneurship • quantity supplied equals quantity demand • two or more good that satisfy a similar need • a business owned and controlled by one person • the quantity of money available in the economy • ...
Economics Crossword 2023-02-23
Across
- A type of incentive where you Gain positive attention from others
- Synonym for restricted; there is not an abundance of
- A type of incentive that you personally are doing the ‘right’ thing
- Motivation or drive for someone to do something
- People who start their own business
- The skills one possesses that open more opportunities
- Based on emotion and feelings
- One more or less of an option
- People use this to increase their human capital
- Any arrangement that brings buyers and sellers together to do business with each other.
Down
- The satisfaction or pleasure one gains from consuming a product or service
- The alternative choice
- A choice that one makes
- A type of incentive When you get something in return for doing something else
- A lack of something that is desired
- The rational process of cost vs benefit
- Limited goods and services
- Anything used to produce an economic good or a service
- Objects that can be purchased
- Producing goods and services in exchange for wages
20 Clues: The alternative choice • A choice that one makes • Limited goods and services • Based on emotion and feelings • One more or less of an option • Objects that can be purchased • People who start their own business • A lack of something that is desired • The rational process of cost vs benefit • Motivation or drive for someone to do something • ...
Economics Crossword 2023-03-02
Across
- A measure of how responsive producers are to price changes in the marketplace
- The additional cost of producing one more unit of their product
- Adding fixed and variable costs together
- schedule table that shows how much of a good or service all producers in a market are willing and able to offer for sale
- The application of scientific methods and discoveries to the production process
- The willingness and ability of producers to offer goods and services for sale.
- Expenses that the owner of a business must incur whether they produce nothing, a little, or a lot
- Graph that shows how much of a good or service an individual producer is willing and able to offer for sale at each price.
- Business costs that vary as the level of production output changes
- An increase or decrease in the amount producers offer for sale because of a change in price
- Having each worker focus on a particular facet of production
- Change in total product that results from hiring one more worker
- Data from the market supply schedule
- Each new worker causes total output to grow but at a decreasing rate
Down
- Level of production where it realizes the greatest amount of profit
- A set of rules or laws designed to control business behavior
- A tax on the making or selling of certain goods or services
- Table that shows how much of a good or service an individual producer is willing and able to offer
- The added revenue per unit of output; money made from each additional unit sold
- Occurs when something prompts producers to offer different amounts for sale at every price
- The price of the resources needed to produce a good or service
- Producers are willing to sell more of a good or service at a higher price than at a lower price.
- The amount of goods and services that a person can produce in a given time
- Each new worker adds more to total output than the last
- The income a business receives from selling a product
25 Clues: Data from the market supply schedule • Adding fixed and variable costs together • The income a business receives from selling a product • Each new worker adds more to total output than the last • A tax on the making or selling of certain goods or services • A set of rules or laws designed to control business behavior • ...
Economics Vocabulary 2023-05-30
Across
- any form of money that is in public circulation
- opposing or restraining a trust or a monopoly, in order to promote competition
- Central Bank of the United States; controls interest rates on loans and controls the money supply, affecting inflation
- Consumers determine through purchases what goods and services will be produced
- worldwide markets in which buying and selling of goods & services by individuals, nations, and businesses takes place
- The amount of a good or service that consumers are willing and able to buy at a certain price
- to control, direct, or supervise
- Things that motivate people to act a certain way
- What is given up when a choice is made
- earnings after all expenses have been paid
- To hire somebody to work in exchange for money
- Selecting an item or action from a set of possible alternatives
- The amount of goods or services that producers are willing and able to sell at a certain price
Down
- Help facilitate an exchange of money between savers and borrowers.
- Places where the prices of goods and services are determined as exchange takes place
- A form of business organization that is recognized by law as a legal entity regardless of the number of owners. Owners share the profits and owner liability is limited to the amount of their investment
- How resources, goods, services, and money flow continuously among households, businesses, and the government in a mixed economy
- The using of goods and services.
- Business owned and managed by 2 or more people who share the risks and the profits
- Form of business organization where 1 owner takes all the risks and keeps all the profits
- The amount of money exchanged for a good or service
- Factors of production that are used in the production of goods and services
- a situation in which 1 company controls an industry or is the only provider of a good or service
- The inability to satisfy all wants and needs at the same time
- A person who takes a risk to produce goods and services in search of a profit
- The combining of human, natural, capital, and entrepreneurship resources to make goods or provide services.
26 Clues: The using of goods and services. • to control, direct, or supervise • What is given up when a choice is made • earnings after all expenses have been paid • To hire somebody to work in exchange for money • any form of money that is in public circulation • Things that motivate people to act a certain way • The amount of money exchanged for a good or service • ...
Global Economics 2023-05-22
Across
- A law imposed on the goods and services imported from another country
- A country with a high level of economic growth, industrialization, and a higher standard of living
- Companies that produce finished goods using raw materials
- All the man-made objects like tools, machinery, buildings, equipment, and chemicals needed for production
- A country with less economic development, agriculture based economy, high level of unemployment
- A government order that restricts or prohibits trade
- Economic and political System in which trade and industry are controlled by private owners for profit
- Companies in sales and service industry including retail, restaurants, tourism, banking, health care, transportation, and law
- Resources, materials, and goods a country produces and sells to another country
- Economic sector that extract and harvest natural products from the earth
- The ability to combine the other three factors of production to produce and deliver a product or service
Down
- Where a farm, factory, or company is located as well as natural resources needed for a product
- The study of behavior of small economics units like businesses and individuals
- An industry or commodity that's dominated by one corporation that manipulates prices
- The state in which market supply and demand equal each other resulting in price stability
- A limit placed on the distribution of resources in high demand but in short supply
- The study of the big economic picture through various economic indicators
- Resources, materials, and goods a country buys form another country
- The work done by people to produce a product
- Economic and political theory promoting collective or government ownership
- Intellectual activities often associated with technological innovation, education, media, libraries, government, scientific research
21 Clues: The work done by people to produce a product • A government order that restricts or prohibits trade • Companies that produce finished goods using raw materials • Resources, materials, and goods a country buys form another country • A law imposed on the goods and services imported from another country • ...
Economics Crossword 2023-05-31
Across
- policy enacted by the government
- unemployment caused by people getting laid off
- health of the economy is measured in GDP ___
- when government spending exceeds tax revenues
- increased strength of currency compared to other currencies
- measures price levels in economy: GDP ___
- sustained decline in economic activity
- 1/reserve ratio
- sustained rise in prices in the economy
- improvement in economic activity
- productive equipment
- policy enacted by the fed
- government spending is less than tax revenues
- output per unit of input
- IOUs that the government issues when it borrows money
- decreased strength of currency compared to other currencies
- inflation caused by an increase in demand
Down
- economic system where supply and demand determine prices
- an increase in interest rates when the government borrows money
- unemployed because the person is between jobs
- conflict caused by limited resources and unlimited wants
- the cost of borrowing money
- coins and paper money
- money the banks have to set aside and not loan out
- inflation caused by increased resource prices
- an economy with foreign trade
- land,____, capital,entrepreneurship
- when an economy experiences inflation and recession simultaneously
- C+Ig+G+Xn
- where demand and supply prices meet
- unemployed because of a mismatch of skills
31 Clues: C+Ig+G+Xn • 1/reserve ratio • productive equipment • coins and paper money • output per unit of input • policy enacted by the fed • the cost of borrowing money • an economy with foreign trade • policy enacted by the government • improvement in economic activity • land,____, capital,entrepreneurship • where demand and supply prices meet • sustained decline in economic activity • ...
economics crossword 2023-05-31
Across
- price of living cost based on changes in retail prices
- the ________ confirms the individuals position at the fed
- where buyers and sellers exchange equity
- an act that someone is willing to pay for
- total value of goods and services produced by a country's economy
- a product ready for sale
- a system that gives people money who have low or no income that you can be eligible for when you're in your 60s
- anything found on earth
- the highest price
- people who are willing to work
- advocates for shielding a country's domestic industries
- any one 16 and above who are trying to find a job but can't
Down
- A decline in production and employment
- someone who starts a business
- prices rising at an extremely high rate
- lowest legal price for something
- the government spends more than it makes
- the government makes more than it spends
- reserve sets monetary policy for the economy to thrive
- high inflation and economic stagnation
- tools used to make other goods
- the branch in charge of deciding to print money
- prices going up at a high rate
- any physical product that people are willing to buy
- the ______ nominates members to the fed
25 Clues: the highest price • anything found on earth • a product ready for sale • someone who starts a business • tools used to make other goods • prices going up at a high rate • people who are willing to work • lowest legal price for something • A decline in production and employment • high inflation and economic stagnation • prices rising at an extremely high rate • ...
Economics Crossword 2023-05-19
Across
- subjective desires
- output over a period of time
- primary medium of exchange
- glut
- opposite of complement
- study of economy-wide issues
- import limit
- direct exchange
- terms of a trade
- treating goods with care
- market economy
- unbacked money
- ...is theft
- more money to money supply
Down
- action that has a goal
- stable situation
- means of production owned by government
- glut of labor
- division of labor
- problem of shirking under socialism
- rivalry of entrepreneurs
- body production
- import tax
- private property still exists (*wink wink)
24 Clues: glut • import tax • ...is theft • import limit • glut of labor • market economy • unbacked money • direct exchange • body production • stable situation • terms of a trade • division of labor • subjective desires • action that has a goal • opposite of complement • rivalry of entrepreneurs • treating goods with care • primary medium of exchange • more money to money supply • output over a period of time • ...
Economics Crossword 2023-06-02
Across
- An example of a recession that happened in the 1930’s
- When there is high unemployment, high inflation, and negative economic growth
- The maximum price for something
- This type of spending is when the government buys U.S. goods and services
- How much money worth of goods and services a country produces in a year.
- When a country is making more goods and services than they were before
- The minimum amount of money that someone can be paid hourly
- When there is a high unemployment rate and we are producing less goods and services
- The FED buys these from banks to increase the money supply
- The economist that believed in free market economies
- Businesses buying capital
- The percentage change in prices of goods and services in a year.
- Extreme cases of inflation
- When quantity demanded and quantity supplied are equal.
- The minimum price for something
Down
- A cycle that includes, Recovery, Recession, Trough, and Peak
- This can tell you the quantity demanded if you know the price
- When most adults have a job
- Actions to change the money supply done by the FED
- Total amount of demand
- The FED raises this when they tell banks to loan out less money
- rate The percentage of people 16 and up who are unemployed and are looking for work.
- When the price for something is lower or higher than it should be
- This helps tell us the inflation rate
- Actions done by Congress to change aggregate demand
25 Clues: Total amount of demand • Businesses buying capital • Extreme cases of inflation • When most adults have a job • The maximum price for something • The minimum price for something • This helps tell us the inflation rate • Actions to change the money supply done by the FED • Actions done by Congress to change aggregate demand • ...
Economics crosswrod 2023-06-15
Across
- what this class is teaching us to be
- makes you a less valuable person
- part of the economic system and what you live in
- how smart people make money
- when you have to much of something
- How much people spend rather than save
- When you and the economy are in the dumps
- the cost of buying something
- lined representations of data
- Rises with recession and falls with economic growth
- When the people know what they want
Down
- looking at this from a birds eye view
- what you and superheroes have in common
- how banks make money
- one of the inputs in a business
- What do entrepreneurs ride to work?
- eating away at your funds rather than your food
- the fuel of the economy
- used to see how fast things are changing
- “Here we’ll just hold on to that for you”
- see something you want, try this!
- When you have something to give
- not paying this can ruin your life
- what's something that calculates the value of a years hard work
- The the broad term for Wall-E that makes things like manufacturing more efficient
- the system for buying and selling goods
- getting bread
27 Clues: getting bread • how banks make money • the fuel of the economy • how smart people make money • the cost of buying something • lined representations of data • one of the inputs in a business • When you have something to give • makes you a less valuable person • see something you want, try this! • when you have to much of something • not paying this can ruin your life • ...
Economics Vocabulary 2023-03-17
Across
- Country’s roads, railroad tracks, electric power plants, and telephone and internet systems
- Number of items consumers want to purchase
- Number of items ready for sale
- How long the average person lives
- The total dollar value of all final goods and services produced in a country during a single year.
- Percentage of people who can read and write
- Resources provided by Earth
- Product that is sent out of a country to another country
- Type of money. Examples- euro, dollar
- Items that can be bought and sold
- Study of how things are bought and sold
- Product that is brought into a country from another country
- People and business own their own businesses and decide what to produce and what to consume
Down
- Meeting the immediate needs of the people who follow traditions and customs of their ancestors
- Resources provided by people
- Goods made and used to produce other goods and services (buildings, machines, tools money)
- Focusing on producing goods and services one makes best
- Total value of goods and services produced by an average person
- Government or rulers makes all the decisions
- When there is not enough of something to meet the needs and wants of society
- Growth in free trade between countries
- Actions that one person or group does for another in exchange for payment
22 Clues: Resources provided by Earth • Resources provided by people • Number of items ready for sale • How long the average person lives • Items that can be bought and sold • Type of money. Examples- euro, dollar • Growth in free trade between countries • Study of how things are bought and sold • Number of items consumers want to purchase • Percentage of people who can read and write • ...
economics Vocab 2023-04-21
Across
- when different businesses compete for consumers’ money such as Walmart v. Target or Microsoft v. Apple.
- an economic system where property and business are owned by the government. The government makes choices about producing and pricing. The consumers have no choice.
- the way people earn and spend money
- the money received in payment for goods or services (rent, wages, interest)
- the government’s job is to protect property rights.
- the founder of a business. Someone who assumes the risk of organizing resources to produce goods and services. Someone who sees an opportunity to make money and takes it.
- the money left over after all expenses are paid
- the amount the seller has to sell at a particular price
- a person who buys goods and services
- Scottish economist who came up with the idea of capitalism. He is known as the father of modern economics, wrote the Wealth of Nations, and influenced the Founding Fathers of the United States.
Down
- the things that people sell
- individuals own businesses and property rather than the government
- the name of Adam Smith’s idea of a free market economy
- an economic system where businesses and property are privately owned. The price and amount of goods traded are based on supply and demand and has little government regulation.
- the person who makes the goods
- the right to make decisions for an individual’s business or property
- people or businesses offering goods for sale
- an activity that someone is paid to perform
- the government’s right to take private property for public use as long as they pay a fair price to the owner
- what consumers are willing to buy at a given price
20 Clues: the things that people sell • the person who makes the goods • the way people earn and spend money • a person who buys goods and services • an activity that someone is paid to perform • people or businesses offering goods for sale • the money left over after all expenses are paid • what consumers are willing to buy at a given price • ...
Urban Economics 2022-12-10
Across
- consequence of the popularization of the automobile
- The equilibrium land rent equals total revenue minus non-land cost
- explains housing prices
- The economic activity of a firm increases that of nearby firms
- Maximization equation
- The consumer's objective
- in the short run housing supply is
- external cost of gas powered vehicles
- how Prof. Kim minimizes transportation costs
- when a regression leaves out one or more relevant variables
- explain the spatial distribution of cities across the landscape
Down
- The firm's objective
- explains the spillover in employment from the non-tradable sector to the tradable sector
- Prof. Kim's main source of utility
- where is cost of labor the highest
- Can be used to predict where a firm will locate when there are multiple inputs or markets involved
- what determines wages
- Firms want to minimize this
- reflect the cost of commuting
- urban challenge of density
20 Clues: The firm's objective • what determines wages • Maximization equation • explains housing prices • The consumer's objective • urban challenge of density • Firms want to minimize this • reflect the cost of commuting • Prof. Kim's main source of utility • where is cost of labor the highest • in the short run housing supply is • external cost of gas powered vehicles • ...
Economics Crossword 2022-12-05
Across
- the quantity of a product that producers are willing and able to sell at different prices
- all stages of a progress of product
- the means of allocating resources in a market economy
- alternative good
- individuals or households who buys goods and services
- a tax levied on goods or services
- it's possible to stop someone from consuming a good or service
- a place where buyers and sellers gets together to trade
- a situation where consumers don't have full or complete information when making decision
Down
- data from which supply curve is drawn on a graph
- plotted line on a graph that shows the relationship between the quantity supplied and the price of the product
- as quantity demanded increase as income increase
- direct payments made by governments to a producer
- a good that is thought to be desirable for consumers but which is underprovided by the market because of information failure
- a good consumed with other one
- consumption of a good or a service reduces the availability of the good or service for others
- as quantity demanded increase as income decrease
- 2 goods are consumed together
- a good that is thought to be undesirable for consumers and is overproved by the market because of information failure
- the quantity of a product that consumers are willing and able to buy at different prices per period of time
20 Clues: alternative good • 2 goods are consumed together • a good consumed with other one • a tax levied on goods or services • all stages of a progress of product • data from which supply curve is drawn on a graph • as quantity demanded increase as income increase • as quantity demanded increase as income decrease • direct payments made by governments to a producer • ...
Economics Vocabulary 2023-08-03
Across
- shared ownership between specific shareholders and limited liability
- one firm controls the market, difficult entry
- firms work together for advantages - informal
- benefit received from an item
- a firm benefits more than what they intended from something
- high competition, easy entry, similar products
- price set by a firm, no competition
- fluctuations in price due to external factors
- a private good with positive externalities
- advantages obtained by a firm's scaled operation, measured by their output and profit
- company that owns smaller side firms that supply different goods
- low competition and ease of entry
- how much consumers are willing to pay (marginal benefit)
- inaccurate, incomplete or misunderstood information
- payment made to an individual or company for the ongoing use of their assets
- a good made to produce the final consumer good
- market with face-to-face transactions
- strategy that allows a company to streamline its operations by taking direct ownership of various stages of its production
- strategy in which one company grows its operations at the same level in an industry,buying out competitors
Down
- market shares are concentrated to a small number of firms
- inability to move or reallocate resources
- market with online transactions and
- cost of producing one extra unit of output
- changing one factor of production while holding all others constant will cause output to increase, then fall
- how much producers are willing to sell something for (marginal cost)
- a group of firms fix prices - formal agreement
- policies created to control national cash flow
- high competition, easy entry, identical products
- a fusion of companies to form one legal entity, splitting their resources, customers and scale of operations
- policies that control growth and expenditure
- anyone can buy shares and limited liability
- only one buyer
- humans act in their own interest to the peril of society due to a lack of property rights
- differences in welfare, opportunity, etc.
- cost of everything that goes into producing one unit of output
- indirect impacts of production felt by a third party
- consumers and competition affect prices
- a private good with negative externalities
38 Clues: only one buyer • benefit received from an item • low competition and ease of entry • market with online transactions and • price set by a firm, no competition • market with face-to-face transactions • consumers and competition affect prices • inability to move or reallocate resources • differences in welfare, opportunity, etc. • cost of producing one extra unit of output • ...
Christmas Economics 2024-12-17
Across
- Shortfall occurs if cited wrongly (7)
- Government support for bus is dry, unfortunately (7)
- Levies and taxes, mix into a pot! (8)
- Economist devised new keys in theory (6)
- Severe measures to save, initially undertaken? Yes, tight rein (9)
- Relating to money, are my notes disordered? (8)
- Store of wealth? Try USA differently (8)
- Transfer of ownership made private? It’s a vision, partly (13)
- Head of Treasury can chill, altering economic rules (10)
- Some quietly question active monetary policy (12)
- Top-notch currency, starting to sell trade exports (8)
- Official body overseeing forecasts, oddly obscure? (3)
Down
- Output grows from productive vitality, oddly (12)
- Former lover left cheque shuffled for the Treasury (9)
- Institution managing Sterling's debt, flanking gold reserve? (13)
- Departure from EU brings Britain excitement initially (6)
- Officials repeatedly check back on documents (6)
- Wealth of Nations author? He's timeless (5)
- Rate of lending, possibly break a tank (8)
- Noble falcon, perhaps, flying over large hill (10)
- Rising prices stretch thin, in a fit (9)
- Accounts adjusted if scale is used (6)
- Charge set for importing fair items (6)
- Measure of the economy, Gross Domestic Product! (3)
24 Clues: Shortfall occurs if cited wrongly (7) • Levies and taxes, mix into a pot! (8) • Accounts adjusted if scale is used (6) • Charge set for importing fair items (6) • Economist devised new keys in theory (6) • Store of wealth? Try USA differently (8) • Rising prices stretch thin, in a fit (9) • Rate of lending, possibly break a tank (8) • ...
Business Economics 2024-12-18
Across
- A command economic system in which the government controls the economic system and does not allow private ownership of the means of production and distribution.
- A risk-response strategy that involves choosing not to do something that is considered risky.
- The human and natural resources and capital goods used to produce goods and services.
- economy: An economic system in which the questions of what, how, and for whom goods will be produced are answered by individuals and businesses in the marketplace.
- risks: Chances of loss that carry with them the possibility of loss or no loss.
- Economic principle which states that the supply of a good or service will increase when demand is great and decrease when demand is low.
- A risk-response strategy that involves trying to reduce the chance of loss or severity of loss.
- The possibility of loss (failure) or gain (success) inherent in conducting business.
- Economic principle which states that the quantity of a good or service that people will buy varies inversely with the price of the good or service
- risks: Chances of loss that may result in loss, no change, or gain.
- resources: Items found in nature that are used to produce goods and services.
- The point at which the quantity supplied is equal to the quantity demanded.
- A market structure in which there are relatively few sellers, and industry leaders usually determine prices.
- The situation that exists when supply is greater than demand.
- expenses: All of the expenses involved in running a business.
- A desire for something that can only be satisfied by spending money.
- The process or activity of using goods and services; the economic process or activity of using goods and services.
- competition: Rivalry between or among businesses that offer similar types of goods or services.
- economy: An economic system in which all or many of the means of production and distribution are owned and controlled by the government.
- The money received by resource owners and by producers for supplying goods and services to customers.
- The money that a business spends.
- products: Products produced for personal consumption.
- The study of how to meet unlimited, competing wants with limited resources.
- competition: A market structure in which there are many businesses selling a lot of identical products for about the same price to many buyers; also known as pure competition.
- The amount of money a business pays for the products it sells or for the raw materials from which it produces goods to sell; the amount of money a business pays for the products (or for any part of the products) it sells.
- A risk-response strategy that involves moving the impact of a risk to someone or something else.
- A modified command economic system in which government owns the basic means of production and allows private ownership of businesses as well.
- profit: Money left after the cost-of-goods expense and the operating expense are each subtracted from the total income (gross profit - operating expense = net profit).
- The possibility of loss or failure from nature.
- A desire for something that is not required.
- competition: Rivalry between or among businesses that offer dissimilar goods or services.
Down
- A type of market structure in which a market is controlled by one supplier, and there are no substitute goods or services readily available.
- The economic process of trading one good/service for another.
- Economic principle which states that the quantity of a good or service that will be offered for sale varies in direct relation to its price.
- want: Desires for things that can be obtained without spending money.
- Something required or essential that is lacking.
- resources: People who work to produce goods and services.
- economy: An economic system in which people produce only what they must have in order to exist; all economic decisions are based on habit and tradition.
- The economic process or activity of producing goods and services.
- The economic process or activity by which income is divided among resource owners and producers.
- A condition resulting from the gap between limited resources and unlimited wants for goods and services.
- Giving up all or a part of one thing in order to get something else
- competition: A type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars.
- of production: Productive resources; human and natural resources and capital goods.
- goods: Manufactured or constructed items that are used in the production of goods and services.
- The quantity of a good or service that sellers are able and willing to offer for sale at a specified price in a given time period.
- demand: A form of demand for products in which changes in price correspond to changes in demand.
- Productive acts that are useful, scarce, and transferable and which satisfy economic wants.
- The quantity of a good or service that buyers are ready to buy at a given price at a particular time.
- The organized way in which a country handles its economic decisions and solves its economic problems.
- competition: A type of rivalry between or among businesses that involves factors other than price.
- An indication of how changes in price will affect changes in the amounts demanded and supplied.
- The possibility of loss or failure that occurs as a result of the economy.
- The situation that exists when demand is greater than supply.
- The possibility of loss or failure from human error.
- Physical objects that are useful, scarce, and transferable and which satisfy economic wants.
- profit :Money left after the cost-of-goods expense is subtracted from total income (income from sales - cost of goods = gross profit).
- products: Products purchased by producers for resale, to make other goods and services, and/or to use in business operations.
- demand: A form of demand in which changes in price do not affect demand.
- Monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid (income – expense = profit).
60 Clues: The money that a business spends. • A desire for something that is not required. • The possibility of loss or failure from nature. • Something required or essential that is lacking. • The possibility of loss or failure from human error. • products: Products produced for personal consumption. • resources: People who work to produce goods and services. • ...
Economics Vocab 2024-11-15
Across
- Business owned by one person.
- Right to work laws.
- Brought on by the Industrial Revolution.
- Last around 2-5 years.
- All nonmilitary people who are employed or unemployed.
- A business organization owned by a group of people.
- People of business that hold onto stocks.
- Contingency employments.
- A award for something.
- Can't be spelled without sin.
- Help corporations grow.
Down
- Most complex form of business.
- Responsible for something, especially by law.
- Economy changes, so does the job market.
- Firms competing for workers.
- Semi independent business that pays fees to a parent company.
- Ceasing to work.
- Business owned by two or more people.
- Owning something to some one.
- Used to accomplish goals by not working.
20 Clues: Ceasing to work. • Right to work laws. • Last around 2-5 years. • A award for something. • Help corporations grow. • Contingency employments. • Firms competing for workers. • Business owned by one person. • Owning something to some one. • Can't be spelled without sin. • Most complex form of business. • Business owned by two or more people. • Economy changes, so does the job market. • ...
Applied economics 2024-11-27
Across
- policy Is a government's use of taxation and spending to influence the economy, and it's not directly related to a business plan.
- The process of dividing a company's target market into groups of customers with similar needs and behaviors.
- Is a process where prices of consumer goods and services fall and money increases in value.
- Governments can fund this money back into the economy in the form of loans or other funding forms.
- war Is a competitive exchange among rival companies who lower the price points on their products, in a strategic attempt to undercut one another and capture greater market share.
- Run Is a period of time when a business focuses on immediate operational needs and short-term solutions.
- goods provided by a government and funded through taxes.
- The profit you make as a result of your investments.
- The goals for growth and explains how you will achieve them.
- Is a document that outlines a company's goals, strategies, and financial projections.
- An organization's assets and are thus the basic building blocks of the organization.
- The people that are employed in a company and contribute to its operations through their skills.
- Is typically measured by its net worth, which is also known as shareholders' equity or book value.
- The offers financial and operational planning and analytics that create a connected enterprise experience.
- In a business plan is the point where supply and demand are balanced, and prices are stable.
- Is one of the three core financial statements that are used to evaluate a business.
Down
- Is a secret agreement between competitors to gain an unfair advantage in the market.
- The offers addresses in recognized business districts, instantly elevating your business's stature and aligning it with high standards of serious commerce.
- Business values are standards of behavior that outline what is acceptable business practice.
- Is an incentive given by the government to individuals or businesses in the form of cash, grants, or tax breaks that improve the supply of certain goods and services.
- Is a specific group of people or businesses that are most likely to buy your products or services.
- The economy will not grow as quickly as it could, and it may start to slow down.
- A company ceasing operations following its inability to make a profit or to bring in enough revenue to cover its expenses.
- The income statement, the cash flow projection, the balance sheet, and the statement of shareholders' equity.
- Is a home business plan from Synergy that is for premises where the electricity is used for both residential and general purposes, and the circuit wiring is not separate.
- A business plan is when a business has more cash coming in than going out.
- The individuals and businesses that purchase goods and services from another business.
- Is an economic condition where inflation and stagnation occur simultaneously.
- Run Is a strategic process that helps businesses set a direction, anticipate growth, and prepare for challenges.
- policy Is a central bank's strategy for managing the money supply and interest rates to control inflation and promote economic growth.
30 Clues: The profit you make as a result of your investments. • goods provided by a government and funded through taxes. • The goals for growth and explains how you will achieve them. • A business plan is when a business has more cash coming in than going out. • Is an economic condition where inflation and stagnation occur simultaneously. • ...
Applied economics 2024-11-27
Across
- Economic concept that describes the responsiveness of one variable to changes in another variable.
- wage The lowest amount of money that employers can legally pay their employees for a given period of work.
- Is any factor that could negatively impact a company's finances or operations, such as lost profits or failure.
- Intangible products that are the result of one or more people's work.
- Is a good or service that a business sells to consumers.
- Are used in business to measure change and express quantity in relation to a whole.
- Is away to motivate employees to increase productivity, improve relationships, and increase profits.
- The effect of your actions, decisions, products, or services on your organization's performance, goals, and stakeholders.
- The indirect costs or benefits that affect people or entities outside of a business transaction.
- The value of the business's balance sheet is at least a starting point for determining the business's worth.
- Is apredetermined target that a business or individual plans to achieve in a set period of time.
- The total amount of satisfaction experienced when a product or service is consumed.
- Is a statistical term that designates the pool from which a sample is drawn for a study.
- Is imposed on the net income of corporations, partnerships, and other entities engaged in business activities.
- Is an amount of money earned that exceeds that which is economically or socially necessary.
- Is amarket structure where a small number of companies control the market and limit competition.
Down
- Can refer to a company changing its tax residence or the movement of people for employment.
- The amount available at a specific price or the amount available across a range of prices if displayed on a graph.
- Is a plan to put money to work today to obtain a greater amount of money in the future. It is also the primary way people save for major purchases or retirement.
- The performance difference of a business and those of other businesses.
- The business of granting to any person rights to use any goods other than books whether pursuant to a lease bailment or licence or otherwise.
- The total quantity of a product or service that consumers are willing and able to purchase at a given price and time.
- Is a limited availability of resources, products, or opportunities relative to the demand or desire for them.
- People often demand higher wages to prepare for future price increases when they expect prices to rise.
- market Is a specific group of potential customers who a business aims to reach with its products or services.
- The physical premises where it conducts its operations.
- rate Is a pricing strategy that charges customers a predetermined fee for a specific product or service, regardless of the time spent or resources utilized.
- Rates The amount charged on top of the principal by a lender to a borrower for the use of assets.
- The money it has available to fund its day-to-day operations and to bankroll its expansion for the future.
- Is a market structure where a single company or group controls the supply of a product or service, and has little to no competition.
30 Clues: The physical premises where it conducts its operations. • Is a good or service that a business sells to consumers. • Intangible products that are the result of one or more people's work. • The performance difference of a business and those of other businesses. • Are used in business to measure change and express quantity in relation to a whole. • ...
Applied economics 2024-11-27
Across
- The value of the business's balance sheet is at least a starting point for determining the business's worth.
- Is a plan to put money to work today to obtain a greater amount of money in the future. It is also the primary way people save for major purchases or retirement.
- Is a good or service that a business sells to consumers.
- The indirect costs or benefits that affect people or entities outside of a business transaction.
- Is imposed on the net income of corporations, partnerships, and other entities engaged in business activities.
- market Is a specific group of potential customers who a business aims to reach with its products or services.
- The total amount of satisfaction experienced when a product or service is consumed.
- Is any factor that could negatively impact a company's finances or operations, such as lost profits or failure.
- Is apredetermined target that a business or individual plans to achieve in a set period of time.
- The effect of your actions, decisions, products, or services on your organization's performance, goals, and stakeholders.
- The performance difference of a business and those of other businesses.
- Intangible products that are the result of one or more people's work.
- The physical premises where it conducts its operations.
- wage The lowest amount of money that employers can legally pay their employees for a given period of work.
- Is amarket structure where a small number of companies control the market and limit competition.
- People often demand higher wages to prepare for future price increases when they expect prices to rise.
Down
- The amount available at a specific price or the amount available across a range of prices if displayed on a graph.
- Is a statistical term that designates the pool from which a sample is drawn for a study.
- Rates The amount charged on top of the principal by a lender to a borrower for the use of assets.
- The money it has available to fund its day-to-day operations and to bankroll its expansion for the future.
- Is away to motivate employees to increase productivity, improve relationships, and increase profits.
- Can refer to a company changing its tax residence or the movement of people for employment.
- Economic concept that describes the responsiveness of one variable to changes in another variable.
- The business of granting to any person rights to use any goods other than books whether pursuant to a lease bailment or licence or otherwise.
- Are used in business to measure change and express quantity in relation to a whole.
- Is a limited availability of resources, products, or opportunities relative to the demand or desire for them.
- Is a market structure where a single company or group controls the supply of a product or service, and has little to no competition.
- The total quantity of a product or service that consumers are willing and able to purchase at a given price and time.
- rate Is a pricing strategy that charges customers a predetermined fee for a specific product or service, regardless of the time spent or resources utilized.
- Is an amount of money earned that exceeds that which is economically or socially necessary.
30 Clues: The physical premises where it conducts its operations. • Is a good or service that a business sells to consumers. • Intangible products that are the result of one or more people's work. • The performance difference of a business and those of other businesses. • Are used in business to measure change and express quantity in relation to a whole. • ...
Applied economics 2024-11-28
Across
- Intangible products that are the result of one or more people's work.
- The money it has available to fund its day-to-day operations and to bankroll its expansion for the future.
- The performance difference of a business and those of other businesses.
- Is apredetermined target that a business or individual plans to achieve in a set period of time.
- Is any factor that could negatively impact a company's finances or operations, such as lost profits or failure.
- The physical premises where it conducts its operations.
- Are used in business to measure change and express quantity in relation to a whole.
- Rates The amount charged on top of the principal by a lender to a borrower for the use of assets.
- The value of the business's balance sheet is at least a starting point for determining the business's worth.
- Is a statistical term that designates the pool from which a sample is drawn for a study.
Down
- Is a good or service that a business sells to consumers.
- Is imposed on the net income of corporations, partnerships, and other entities engaged in business activities.
- market Is a specific group of potential customers who a business aims to reach with its products or services.
- Is an amount of money earned that exceeds that which is economically or socially necessary.
- rate Is a pricing strategy that charges customers a predetermined fee for a specific product or service, regardless of the time spent or resources utilized.
- Is a plan to put money to work today to obtain a greater amount of money in the future. It is also the primary way people save for major purchases or retirement.
- The business of granting to any person rights to use any goods other than books whether pursuant to a lease bailment or licence or otherwise.
- People often demand higher wages to prepare for future price increases when they expect prices to rise.
- The effect of your actions, decisions, products, or services on your organization's performance, goals, and stakeholders.
- wage The lowest amount of money that employers can legally pay their employees for a given period of work.
20 Clues: The physical premises where it conducts its operations. • Is a good or service that a business sells to consumers. • Intangible products that are the result of one or more people's work. • The performance difference of a business and those of other businesses. • Are used in business to measure change and express quantity in relation to a whole. • ...
Rafael Economics 2025-03-13
Across
- When workers do a specific part of a job.
- A person who buys a product.
- Money that you pay to the government when you buy a good or service.
- Something that a person gives up by choosing a way to use valuable resources (i.e. Money) instead of another good or service.
- In order to retire, emergencies, bills, or to buy something you want.
- Person who takes risks to start a business or earn money.
- Money you have to pay back.
- A specific amount of money that will be spent on a type of item.
- The study on how we use money.
- Money that is paid to the government from labor.
- Money paid to the government.
Down
- The US has a _____ economy.
- When a certain product amount is low or hard to find.
- Limited amount of money that someone earns for work.
- The amount of goods that a group could make.
- Product amount people are willing to pay.
- The work that someone does.
- Service where you put money into a trusted bank so that you can take money out of it slowly over a period of time.
- Amount of things that exist.
- Percentage of total amount you have in the bank that is paid into your bank account.
20 Clues: The US has a _____ economy. • The work that someone does. • Money you have to pay back. • A person who buys a product. • Amount of things that exist. • Money paid to the government. • The study on how we use money. • When workers do a specific part of a job. • Product amount people are willing to pay. • The amount of goods that a group could make. • ...
Applied economics 2025-03-16
Across
- A market the structure where many firms sell similar but differentiated products
- It is the physical and human effort exerted in production
- When quantity demanded is greater than quantity supplied
- An economic system where supply and demand determine prices
- An economic system based on customs and traditions
- The desire and ability of consumers to purchase goods
- The goods which are identical in quantity, shape, color and packaging
- It refers to the amount of product consumers are willing to buy at different prices
- The final goods or services produced from the use of inputs
- The essential of life, such as food and shelter
- A government-imposed limit on how high a price can go
- It refers the value of the best forgone alternative
- course that do not change with the level of production
- Resources that used in production process to create goods or services
- The point where supply equals demand
- When quantity supplied is greater than quantity demanded
- It is studies the decision and choices of the individual units and how this decisions affect the prices of goods in the market
- People who organize resources to produce goods
- A market is structure dominated by a few large firms
- A financial support from the government to lower production cost
Down
- Things Dad are often are sold or used together
- A market structure with many buyers and sellers offering identical products
- An economic system controlled by the government
- Desires for non-essential items
- It is the social system through which the sellers and purchasers of the commodity or service
- A measure of how the demand changes the price
- The process materials, equipment, and buildings used in production
- The soil and natural resources that are found in nature and are not manmade
- An economic system combining private and government control
- A government-imposed minimum price for a good or service
- It is a division of economics that is concerned with the overall performance of the entire economy
- firms that accept the prevailing market price
- The limited nature of resources which underlines the basic economic problem
- The point where quantity demanded equals quantity supply
- It is the man-made resources used in production of goods and services which include machineries and equipment
- It is the exchanges of goods and services between buyer and seller
- As price decreases, quantity demanded increases
- A market structure with only one seller
- The famous workers received for their labor
- The amount of goods available for sale
40 Clues: Desires for non-essential items • The point where supply equals demand • The amount of goods available for sale • A market structure with only one seller • The famous workers received for their labor • A measure of how the demand changes the price • firms that accept the prevailing market price • Things Dad are often are sold or used together • ...
Economics Review 2025-05-07
Across
- one of the four factors of production (veggies)
- economic system of North Korea
- factor of production that a teacher would fall under
- costliest factor of production when starting a business
- economic system of the US
- this can be consumer/capital or durable/nondurable
- a good that lasts more than 3 years
- demand or supply represented in a chart
- workers such as waitresses and cashiers
- the basic problem in economics
Down
- economic system where everything is based on customs
- business owned by one person
- something desired but not essential for survival
- workers that usually work trade jobs (semiskilled)
- demand or supply represented in a graph
- something essential for survival
- what goes up as price goes down
- what goes up as price goes up
- capital needed in every school
- the level where you would find the stockholders
20 Clues: economic system of the US • business owned by one person • what goes up as price goes up • economic system of North Korea • capital needed in every school • the basic problem in economics • what goes up as price goes down • something essential for survival • a good that lasts more than 3 years • demand or supply represented in a graph • demand or supply represented in a chart • ...
Economics Intro 2025-07-21
Across
- Human effort used in the production of goods and services.
- The economic problem of unlimited wants but limited resources.
- Economies of _______Lowering cost per unit by producing in larger quantities.
- Cost The next best alternative given up when making a choice. (2 words)
- the amount of money spent by an individual, business, or government to buy goods and services.
- Non-essential items we would like to have.
- The natural resources used to produce goods and services.
- Money spent by individuals or businesses.
- Goods and services brought into a country from overseas.
- Activities performed to satisfy needs and wants.
- Money earned by individuals for their work.
- How scarce resources are distributed among producers and consumers.
- A general rise in prices over time.
- The skill of organising the other factors of production.
- The condition of being without a job and actively seeking work.
- Things essential for survival, like food and water.
Down
- A place where buyers and sellers exchange goods and services.
- The amount of money required to purchase goods or services.
- Flow The movement of money, resources and goods in an economy. (2 words)
- Living _______ The quality of life and access to goods and services of people in a country.
- The buying and selling of goods and services between countries.
- Manufactured resources like machines and tools used in production.
- A person who buys and uses goods and services.
- Physical items produced to satisfy needs and wants.
- Extra goods produced beyond local consumption needs.
- Focusing on producing one good or service efficiently.
- The total value of goods and services produced in a country in a year.
- Economic _______ How well an economy is doing using various indicators.
- Goods and services sent to other countries for sale.
- Relying on others to satisfy needs and wants.
- Items or effort used to produce goods and services.
- Someone who makes or provides goods or services.
32 Clues: A general rise in prices over time. • Money spent by individuals or businesses. • Non-essential items we would like to have. • Money earned by individuals for their work. • Relying on others to satisfy needs and wants. • A person who buys and uses goods and services. • Activities performed to satisfy needs and wants. • Someone who makes or provides goods or services. • ...
Economics Vocabulary 2023-04-14
20 Clues: after • hourly • annual • before • taken out • collectors • tax season • contribution • income based • self employed • illegal fraud • money received • money generated • national programs • verifies employment • reports withholdings • allowances/dependents • medicare/social security • permanent workers/residents • money earned minus deductions
Economics Crossword 2022-12-12
Across
- economic ____ lets consumers decide how to spend or save their income
- a ____ card uses your future money
- borrowed money from a bank
- economic ____ is what is considered fair
- seashells and salt are an example of _______ money
- a ____ card uses your current money
- a credit ____ is how banks measure your trustworthiness
- process of deciding who gets scarce goods
- calculated plan for spending
- US Dollars are an example of ___ money
Down
- type of interest that comes from the money your money makes
- economic _____ is the protection against economic risks
- expected earnings minus the expected cost
- loan used by individuals
- when you owe money to a bank
- a ____ deposit is like a savings account with a time lock on it; penalty if accessed before set date
- loan used by businesses
- ____ money is money you can use right now
- extra money paid regularly on a loan
- economic ____ is the increasing production of goods & services over time
20 Clues: loan used by businesses • loan used by individuals • borrowed money from a bank • when you owe money to a bank • calculated plan for spending • a ____ card uses your future money • a ____ card uses your current money • extra money paid regularly on a loan • US Dollars are an example of ___ money • economic ____ is what is considered fair • ...
Economics Puzzle 2023-05-09
Across
- How quickly a task is done
- Money paid out to stockholders
- Legal responsibility
- One who takes the risks and starts something new
- Inefficient use of resources
- Liquid assets
- Product or service not necessary to live
- When demand exceeds supply
- Study of use and production of materials
- An item that can be bought
Down
- Product or service necessary to live
- Corporation made up of several independent businesses
- Business organization owned by the individuals
- Issued by corporations to make money
- An organized cease to work
- Business owned by stockholders
- Employees
- When parties meet with an impartial individual
- Natural resources used to produce goods and services
- Fees a franchise has to pay to corporate
- Hiring outside the company
- Business structure with two or more people agreeing on profit and production
- An action that can be bought
- Certificate of ownership in corporation
- Money or other valuables
25 Clues: Employees • Liquid assets • Legal responsibility • Money or other valuables • How quickly a task is done • An organized cease to work • Hiring outside the company • When demand exceeds supply • An item that can be bought • Inefficient use of resources • An action that can be bought • Money paid out to stockholders • Business owned by stockholders • Product or service necessary to live • ...
Economics Crossword 2025-02-26
Across
- total production of goods and services by an economy over a certain time period
- goods that can replace one another
- measures the change of market price of goods and services over time
- things that are not perceived by touch
- period of decrease in economic activity and unemployment rate increases
- an item that is essential for survival, such as food, clothing, or shelter
- a person or company that produces goods
- physical objects that you can see and touch
- an item that makes life more enjoyable and comfortable but is not essential for survival
- methods by which products and services are provided to consumers
- a person who uses goods or services
- when the price of goods and services increase over a period of time
- assistance provided, usually in return for payment, that satisfies need and wants of people or businesses but that does not result in a product that can be touched
- the amount of goods and services people are willing and able to purchase at certain prices
Down
- products and services that are outdated and consumers no longer want
- goods that are used together
- individuals or businesses that buy goods and services
- you are only doing one part of a process
- items that provide a sense of security and protection
- the amount of goods and services that are available to consumers
- when the market supply and the demand meet meaning that the quantity supplied and the quantity demanded are equal
- when the output, income, employment, prices and profit are increased and reach their high point
- businesses that rely on many other businesses in order to keep going
- when the government is the main decision maker on what is produced
- the decision makers are a combination of businesses, consumers, and government
- individuals engaged in the creation of products and services within a workforce
- resources that are drawn from nature including earth, water, and air
27 Clues: goods that are used together • goods that can replace one another • a person who uses goods or services • things that are not perceived by touch • a person or company that produces goods • you are only doing one part of a process • physical objects that you can see and touch • individuals or businesses that buy goods and services • ...
Economics Vocab 2024-11-15
Across
- Provide a service like health and legal care or credit unions
- Benefit is the farmer/rancher can focus on their job and not advertising
- Headquartered in one country but operating in many
- No owner often run by a board
- A business organization owned and operated by a group of individuals for their shared benefit
- Be temporarily without work but have looked for work within the last four weeks
- Work 15 or more hours unpaid at a family business
- Owned by individual stockholders
- When two or more firms involved in different stages of production join together
- Semi independent business that pays fees to a parent company for the exclusive right to sell something in an area
- All nonmilitary people who are employed or unemployed
- Purpose is to increase wages and better the working conditions of the members
- The out of court resolution of a dispute between two parties to a contract
Down
- Sell merchandise to members at reduced prices
- Has decreased in recent years due to competition
- A merger of three or more unrelated businesses joining
- When two or more firms competing in the same market join
- In this wages are usually paid according to the value of what they produce
- Business owned by one person
- Business owned by 2 or more people who agree on a division of responsibilities and profits
20 Clues: Business owned by one person • No owner often run by a board • Owned by individual stockholders • Sell merchandise to members at reduced prices • Has decreased in recent years due to competition • Work 15 or more hours unpaid at a family business • Headquartered in one country but operating in many • All nonmilitary people who are employed or unemployed • ...
11 ECONOMICS 2024-11-24
Across
- Country with higest unemployment rate in 2024
- The quantity of a good or service an individual is willing and able to buy at a range of prices.
- This keeps track of the changes in prices of key consumer goods and is used to measure inflation
- The amount of output (i.e. goods and services) that be produced per unit of input (resources).
- a tax on imported goods.
- a particular individual or firm who or which makes or supplies a good or service.
- Required for survival and include food, clothing and shelter.
- The difference between the revenue received for selling goods and services and the cost of producing those goods and services
- A type of good that a consumer will buy more of as their income decreases e.g. cheaper cuts of meat like rump steak
- Funds given to producers by government to encourage the production of merit goods
- Country with highest rate of inflation in 2024
- Goods that can be used instead of each other.
- Country with the greatest GDP growth in 2024
- an increase in the general price level
- Personalresources (time, skills and money) that we use to acquire our needs and wants.
- When price change, there will be a more than proportionate change in the quantity demanded when good have this type of PED
- a model which shows the changes in RGDP overtime
- Expenditure of time or money in conforming with government requirements such as legislation or regulation.
- An ndividual who buys goods and services for their own use.
- Innovation that results in a rise in productivity.
- The loss of the next best alternative when a decision is made.
Down
- The price at which the quantity demanded is equal to quantity supplied
- Types of goods produced with similar resources and production processes
- A place or situation where goods and services are exchanged
- As price increases quantity demanded decreases, ceteris paribus and vice versa
- Occurs when individuals have unlimited wants but only limited means to satisfy them.
- Total value of goods and services produced in an economy in a year
- total demand by all sectors/groups in the economy
- a model which illustrates total supply and demand in the economy
- A good that is consumed with another e.g. salt and pepper.
- An individual’s net income. Calculated by subtracting income tax from gross income.
- involved in producing goods or services.
- Addition cost placed on demerit goods by the government in order to discourage consumption
- Funds from the government to an individual e.g. the unemployment benefit.
- A high quality good or service that an individual demands more of as their income increases.
- Highest grossing film in 2024 - a sequel
- The income a producer receives from selling goods and services.
- Goods or services we desire because they will improve our quality of life e.g. air conditioning in this classroom.
- The quantity of a good or service that a producer is willing and able to sell at a range of prices.
- Set by the RBNZ to control interest rates
40 Clues: a tax on imported goods. • an increase in the general price level • involved in producing goods or services. • Highest grossing film in 2024 - a sequel • Set by the RBNZ to control interest rates • Country with the greatest GDP growth in 2024 • Country with higest unemployment rate in 2024 • Goods that can be used instead of each other. • ...
APPLIED ECONOMICS 2024-12-10
Across
- big loans promote inflation and if inflation is high
- enter and settled in foreign country
- It is a major components of every economy in commodities and services markets
- negative reasons that cause people to leave their homes
- helps the government support
- Fewer people will work if the wage rate is low
- The point at which labor demand and labor supply converge and intersect
- are workers who engages in hard manual labor
- Amount of labor offered for hire within a given period
- it is the amount of individuals from one place to another
- occurs when people are in between job
- people who leave one country or region
- are products that serve as important needs for consumer lives and survival Primecommodities are products that are not considered to be basic necessities but are necessary to consumer
- known as suit and tie workers who do professionals
- has both positive and negative implications for the company
Down
- to different products,service,and financial assets
- can push the price of houses to increase
- which a nations currency price is determined
- positive aspects that attract people to move to another region or location
- can increase the demand for houses
- the price of every unit of a foreign currency
- an average spike in the price of commodities
- arrangement where the employee will provide services for the employer
- these are people from the Philippines who live work
- are commercially available goods and services
- housing and rental spaces
- The amount of labor that employees wish to hire at a given time
- the ratio of export rates and import prices
28 Clues: housing and rental spaces • helps the government support • can increase the demand for houses • enter and settled in foreign country • occurs when people are in between job • people who leave one country or region • can push the price of houses to increase • the ratio of export rates and import prices • which a nations currency price is determined • ...
APPLIED ECONOMICS 2024-12-10
Across
- big loans promote inflation and if inflation is high
- enter and settled in foreign country
- It is a major components of every economy in commodities and services markets
- negative reasons that cause people to leave their homes
- helps the government support
- Fewer people will work if the wage rate is low
- The point at which labor demand and labor supply converge and intersect
- are workers who engages in hard manual labor
- Amount of labor offered for hire within a given period
- it is the amount of individuals from one place to another
- occurs when people are in between job
- people who leave one country or region
- are products that serve as important needs for consumer lives and survival Primecommodities are products that are not considered to be basic necessities but are necessary to consumer
- known as suit and tie workers who do professionals
- has both positive and negative implications for the company
Down
- to different products,service,and financial assets
- can push the price of houses to increase
- which a nations currency price is determined
- positive aspects that attract people to move to another region or location
- can increase the demand for houses
- the price of every unit of a foreign currency
- an average spike in the price of commodities
- arrangement where the employee will provide services for the employer
- these are people from the Philippines who live work
- are commercially available goods and services
- housing and rental spaces
- The amount of labor that employees wish to hire at a given time
- the ratio of export rates and import prices
28 Clues: housing and rental spaces • helps the government support • can increase the demand for houses • enter and settled in foreign country • occurs when people are in between job • people who leave one country or region • can push the price of houses to increase • the ratio of export rates and import prices • which a nations currency price is determined • ...
APPLIED ECONOMICS 2024-12-10
Across
- which a nations currency price is determined
- arrangement where the employee will provide services for the employer
- it is the amount of individuals from one place to another
- an average spike in the price of commodities
- people who leave one country or region
- negative reasons that cause people to leave their homes
- occurs when people are in between job
- The amount of labor that employees wish to hire at a given time
- are commercially available goods and services
- enter and settled in foreign country
Down
- the price of every unit of a foreign currency
- has both positive and negative implications for the company
- are products that serve as important needs for consumer lives and survival Primecommodities are products that are not considered to be basic necessities but are necessary to consumer
- big loans promote inflation and if inflation is high
- to different products,service,and financial assets
- known as suit and tie workers who do professionals
- can push the price of houses to increase
- Amount of labor offered for hire within a given period
- can increase the demand for houses
- these are people from the Philippines who live work
- The point at which labor demand and labor supply converge and intersect
- the ratio of export rates and import prices
- helps the government support
- positive aspects that attract people to move to another region or location
- housing and rental spaces
- are workers who engages in hard manual labor
- It is a major components of every economy in commodities and services markets
- Fewer people will work if the wage rate is low
28 Clues: housing and rental spaces • helps the government support • can increase the demand for houses • enter and settled in foreign country • occurs when people are in between job • people who leave one country or region • can push the price of houses to increase • the ratio of export rates and import prices • which a nations currency price is determined • ...
APPLIED ECONOMICS 2024-12-10
Across
- accomodations in the Philippines are comparatively cheaper for foreign nations
- properties for lease or rent will not be unoccupied for long
- is determined by subtracting total contributions sss, philhealth,pag ibig and other deduction to basic income
- also know as the own price elasticity of demand
- is the percentage change in quantity Supplied
- high prices of construction materials and services
- is critical for business it creates a target market for people who are willing to rent
- goods that have elastic demand are sensitive to price change
- are involuntary charges imposed on individuals or companies and imposed by a government
- a government run social institution that caters to the public sectors
- is the minimum amount of comprehension an employer is required to pay
- is an ongoing trend of renting out properties regardless of size and use
- this is market Structure
- is the general rise in prices that decrease money's purchasing power
- high demand for houses in growing cities
- possesses the features of both monopoly and perfect competition
- it would be economical to buy property and put it up for lease or rent
- commonly known as the fixed interest rate
- firms have buyers and sellers who are all price takers
- is an asset or commodity purchased to produce sales or appreciation
- corporation that seeks to provide universal health care in the Philippines
Down
- buyers and sellers must accept market prices
- growing economies will cause an influx of skilled workers
- also known as competitive market
- considered in deciding to proceed with a rental
- is the difference between the net return of a producing factor
- the input needed to create them
- that have inelastic demand are less sensitive to price change
- is essential if you want to attract a good number of tents
- a state run social institution that provides affordable housing ND loan schemes for filipino
- a government run social institution that caters to private, professional,and informal sectors
- is characterized by having a few firms selling
- in cities with weak economies
- renting a property might be less constantly than purchasing a property
- producing similar or differented products
- refers to an increase in an objects value over time
- is the rate at which the prices of goods and services rise
37 Clues: this is market Structure • in cities with weak economies • the input needed to create them • also known as competitive market • high demand for houses in growing cities • producing similar or differented products • commonly known as the fixed interest rate • buyers and sellers must accept market prices • is the percentage change in quantity Supplied • ...
APPLIED ECONOMICS 2024-12-04
Across
- The effect of your actions, decisions, products, or services on your organization's performance, goals, and stakeholders.
- Is a specific group of potential customers who a business aims to reach with its products or services.
- The indirect costs or benefits that affect people or entities outside of a business transaction.
- People often demand higher wages to prepare for future price increases when they expect prices to rise.
- Is an amount of money earned that exceeds that which is economically or socially necessary.
- The amount charged on top of the principal by a lender to a borrower for the use of assets.
- Is apredetermined target that a business or individual plans to achieve in a set period of time.
- concept that describes the responsiveness of one variable to changes in another variable.
- Is amarket structure where a small number of companies control the market and limit competition.
- Is a statistical term that designates the pool from which a sample is drawn for a study.
- Is a limited availability of resources, products, or opportunities relative to the demand or desire for them.
- The amount available at a specific price or the amount available across a range of prices if displayed on a graph.
- Is a pricing strategy that charges customers a predetermined fee for a specific product or service, regardless of the time spent or resources utilized.
Down
- products that are the result of one or more people's work.
- The lowest amount of money that employers can legally pay their employees for a given period of work.
- The business of granting to any person rights to use any goods other than books whether pursuant to a lease bailment or licence or otherwise.
- Are used in business to measure change and express quantity in relation to a whole.
- The total quantity of a product or service that consumers are willing and able to purchase at a given price and time.
- Is imposed on the net income of corporations, partnerships, and other entities engaged in business activities.
- is Is a plan to put money to work today to obtain a greater amount of money in the future.
- The money it has available to fund its day-to-day operations and to bankroll its expansion for the future.
- The physical premises where it conducts its operations.
- Is any factor that could negatively impact a company's finances or operations, such as lost profits or failure.
- Can refer to a company changing its tax residence or the movement of people for employment.
- The performance difference of a business and those of other businesses.
- The total amount of satisfaction experienced when a product or service is consumed.
- Is a market structure where a single company or group controls the supply of a product or service, and has little to no competition.
- Is away to motivate employees to increase productivity, improve relationships, and increase profits.
- The value of the business's balance sheet is at least a starting point for determining the business's worth.
- Is a good or service that a business sells to consumers.
30 Clues: The physical premises where it conducts its operations. • Is a good or service that a business sells to consumers. • products that are the result of one or more people's work. • The performance difference of a business and those of other businesses. • Are used in business to measure change and express quantity in relation to a whole. • ...
Economics Rocks 2021-06-08
Across
- What does it mean when the Unemployment rate is 5% or less?.
- The value of the next-best alternative.
- What is it called when GDP is low, so unemployment is high?.
- What is it called when the FED uses its power to increase or decrease the money. supply?
- The study of the behavior and decision making of an economy as a whole.
- actions by Congress to increase or decrease aggregate demand to fight inflation, recession, or stagflation is called?.
- The study of how people try to satisfy their needs and wants with limited resources.
- The desire, ability, and willingness to buy a product.
- The point where the supply curve and the demand curve cross is called….
- When a change in price causes a big change in quantity demanded
- Which of the 5 C’s of creditworthiness definitions is this “the consumers,what they need to pay and how much there making ratio”.
- What is it called when a lender determines that you will default on your debt obligations, or how worthy you are to receive new credit?.
- The idea that there are a limited. amount of resources to meet unlimited wants and needs.
- The amount of a product offered for sale at all available prices.
- What is it called when you calculate how many dollars worth of goods and services are made in a country over time (typically one year).
Down
- When a change in price causes only a little change in quantity demanded
- What is the name of the people who prefer fewer or even no trade restrictions?.
- The study of the behavior and decision making of individuals and businesses.
- Which of the 5 C’s of creditworthiness definitions is this”The amount of money the consumers have total”?.
- What is it called when prices are not going up too quickly?.
- The Fourth Largest source of federal revenue is called?.
- What is it called when there is a Recession and Inflation happening at the same time?.
- Which of the 5 C’s of creditworthiness definitions is this “the consumers past credit spendings”?.
- Which of the 5 C’s of creditworthiness definitions is this “something for something so if the person/bank gives you money they have something that they know you will want back so theyll keep it till you pay them back”.
- spending of social security is called...
25 Clues: The value of the next-best alternative. • spending of social security is called... • The desire, ability, and willingness to buy a product. • The Fourth Largest source of federal revenue is called?. • What does it mean when the Unemployment rate is 5% or less?. • What is it called when GDP is low, so unemployment is high?. • ...
Economics final 2021-06-10
Across
- Inside the production possibilities curve not using all resources fully
- When people with larger incomes pay a higher percentage of their incomes in taxes
- A determinant of supply
- The demand line on a graph showing the increase and decrease of prices based on quantity demanded
- The amount or number of a material
- How much business is one to produce at different prices
- Works by expanding the money supply faster than usual
- The sum of all people aged 16 or above who are either employed or actively seeking employment
- Consists of human-created assets
- Limited in amount
- How demand curves slope from left to right
Down
- A ___is a person who starts a new business.
- The action of helping or doing work for
- A determinant of demand
- A government set maximum price for a product
- The amount of money expected, required, or given in payment for something
- A state in which opposing forces or influences are balanced
- When people with lower incomes pay a higher percent of their incomes in taxes
- When quantity demanded is greater than quantity supplied
- Mandatory spending is simply all spending that does not take place through appropriations legislation
- When quantity supplied is greater than quantity demanded
- The exchange of goods and services
- A tax on imports to limit international trade The action of buying and selling goods and services
- A regular gathering of people for the purchase and sale of provisions
- The factor of production that is workers
25 Clues: Limited in amount • A determinant of demand • A determinant of supply • Consists of human-created assets • The amount or number of a material • The exchange of goods and services • The action of helping or doing work for • The factor of production that is workers • How demand curves slope from left to right • A ___is a person who starts a new business. • ...
Economics Final 2021-06-09
Across
- ________________ is an example of a normal healthy econnomy
- The stock with the highest risk but greatest potential rewards is?
- ____________is the power to increase or decrease the “money supply” (the amount of money circulating through the United States)
- What is the idea that there are a limited amount of resources to meet unlimited wants and needs?
- ______________ just means “total” demand.
- Fighting high inflation and recessions are two main goals of the_______
- The maximum amount of money you should spend on housing in 1 month should be ___ of your monthly income
- ___is how many dollars worth of goods and services are made in a country over time (typically one year)
- the value of the next-best alternative is an?
- the study of how people try to satisfy their needs and want with limited resources is?
- The ___________ states that consumers will buy more of a product at lower prices and less at higher prices
- ____________ is the Actions by Congress to increase or decrease aggregate demand to fight inflation, recession, or stagflation.
- The ___________shows the quantities demanded at all possible prices
- Using your money for things that matter to you is?
- __________ is the concept that an increasing consumption of goods is greatly beneficial to the economy was an intentional shift from product utility to desires
Down
- Prices rising too rapidly is Indicated by an?
- A “shrinking” economy producing fewer goods and services than before is an example of a?
- ______is the amount of a product offered for sale at all available prices
- the study of the behavior and decision-making of individuals and businesses is?
- the study of the behavior and decision-making of an economy as a whole is?
- True or false, when making a budget you want to get as close as possible to the 50/30/20 rule
- _____________is shown by drawing a very flat demand curve
- the desire, ability, and willingness to buy a product is?
- How many ways can congress increase or decrease aggregate demand
- Recession + Inflation is?
25 Clues: Recession + Inflation is? • ______________ just means “total” demand. • Prices rising too rapidly is Indicated by an? • the value of the next-best alternative is an? • Using your money for things that matter to you is? • _____________is shown by drawing a very flat demand curve • the desire, ability, and willingness to buy a product is? • ...
Economics 123654987 2022-08-29
Across
- The percentage of workers who are interested in working. (dash symbol to divide 2 words)
- Known as the biggest trade deal in the world, it has mainly lost its power since the US withdrew from the trade deal in early 2017 (dash symbols to divide 3 words)
- Post tax income (dash symbols to divide 2 words)
- Extra benefits levied to an employee, such as a company car (dash symbol to divide 2 words)
- when an individual is willing to work more hours but the business is unable to give it
- this will increase if consumers are spending more on business products (dash symbol to divide 2 words)
- The revenue that the government takes in order to run the government
- Human resources, lawyers, teachers
- Conditions of overseas countries to buy and sell imports and exports (Acronym)
- the 'amount' of as good and service that a producer can provide, will fluctuate with the amount of the good or service demanded and price
- A factor that considers the amount of individuals that are in a country (dash symbol to divide 2 words)
- to govern a country or state
- Trade agreement between Australia and Asia-Pacific (acronym)
- the cost of 'foregoing' a resource for the value of the next best alternative (dash symbol to divide 2 words)
- Graphical representation of the production of two goods or services (Acronym)
- the 'want' for a specific good or service from the public, will fluctuate with the amount of the good and service including price
- the type of unemployment that occurs with a fundamental shift in the economy
- a market comprised of price-takers that seeks to dominate the market (dash symbol to divide 2 words)
- Anything of value than an individual or business owns
- Financial institution that allows loans, deposits and withdrawals
- A type of unemployment that occurs due to the factors of the individual, such as a criminal record
- The sector that involves the government in the circular flow model (dash symbol to divide 2 words)
- A measure of human development in a country (Acronym)
- A good or service that is desired in order to provide satisfaction to the user, but which is not necessary for survival or to meet the basic standard of living in a community.
- Trade agreement between Australia, New Zealand and several other South-Eastern nations (acronym)
- Resources that can create more resources, computers, hammers, machinery
- An organisation, enterprise or business engaged in the production and trade of goods and services, usually for profit.
- buying goods from another country
- a living standard that is defined through economic growth and the contribution of GDP for the individual
- the type of Tax on a good
- the type of unemployment that is happens when an individual is between two jobs
- a series of circumstances that influence the production of a good or service
- the system by which goods and services are produced, sold and bought in a country
- Multilateral trade agreement between 15 Indo-Pacific nations, including Japan, China, Japan and South Korea (acronym)
- percentage of individuals who are aged 15 and over who are either employed or willing to work (dash symbol to divide 2 words)
- Income deducted from interest rates, the higher the interest rate, the lower the ______ income (dash symbol to divide 2 words)
- a statutory authority body that regulates market fairness and competition in Australia, synonymous with the Competition and consumer act 2010 (acronym)
- Materials that are bought from overseas to manufacture resources, then export said resources (Acronym)
- a type of trade agreement which involves multiple countries
- a type of trade agreement between two countries
- Pay as you go (acronym)
- A demand-side factor that increases business confidence and is characterised by the consumer’s optimism of their future (dash symbol to divide 2 words)
- The firms section of the circular flow model (dash symbol to divide 2 words)
- when two countries exchange goods
- The perceived fairness of the way scarce resources are used and the way the benefits of production are distributed.
Down
- The total supply of goods and services in a economy (dash symbol to divide 2 words)
- the use of goods and services by households
- in the ad formula, this is represented by the letter c (dash symbol to divide 2 words)
- Natural resources defined by geography, coal, wood, rivers
- a type of trade agreement which involves several countries in one region
- the type of unemployment where the individual removes themselves from the workforce and the unemployment data
- Efficiency of resources being allocated to the production of goods and services.
- the logic where goods and services are in a natural shortage of supply (dash symbol to divide 2 words)
- Closer Economic Relations Trade Agreement (acronym)
- The sector that involves imports and exports (dash symbol to divide 2 words)
- A sector of the economy composed of businesses and non-government organisations that use their surplus funds to achieve goals rather than distribute these funds to the owners. Not-for-profit organisations often exist in the form of charities, service organisations and clubs. (dash symbols to divide 3 words)
- ______ curve
- The total demand of an economy represented by the GDP (dash symbol to divide 2 words)
- regular deposits into an employee’s account that will grow through appreciation until the employee’s withdrawal or retirement.
- A graph that dictates the productional efficiency of two products. (dash symbols to divide 3 words)
- A type of leakage from the financial sector.
- Quantified economic activity of a nation (Acronym)
- selling goods to another country
- allocating money towards a specific sector for profit
- the state where companies and brands compete against one another to maximise profits
- A type of unemployment that occurs at certain times of the year
- Government-promoted spending on the acquisition of goods and services (dash symbol to divide 2 words)
- Things that add money to the circular flow model
- living standards that cannot be conventionally measured (dash symbol to divide 2 words)
- A type of unemployment that occurs when the Aggregate demand for an economy decreases.
- a market with homogenous products and a universal selling and buying game that its easy to enter (dash symbol to divide 2 words)
- in the ad formula, this is represented by the letter i (dash symbol to divide 2 words)
- Government-promoted spending on capital resources, roads and means of supply (dash symbol to divide 2 words)
- Business know-how
- A trade agreement (acronym)
- Describes the means by which the forces of demand and supply determine prices and the allocation of scarce resources between competing uses. (dash symbol to divide 2 words)
- The consumer section of the circular flow model (dash symbol to divide 2 words)
- consumption that is either private or corporate
- the type of Tax against the companies based on profits
- _____ rates
- Things that remove money from the circular flow model
- a strict market with a few competitors that is difficult to enter, price takers
82 Clues: _____ rates • ______ curve • Business know-how • Pay as you go (acronym) • the type of Tax on a good • A trade agreement (acronym) • to govern a country or state • selling goods to another country • buying goods from another country • when two countries exchange goods • Human resources, lawyers, teachers • the use of goods and services by households • ...
Fundamental Economics 2022-09-22
Across
- system in which economic decisions are left up to producers and consumers
- what motivate individuals, businesses, and gov't to undertake or avoid an action
- distribution of goods
- how individuals, businesses, and gov'ts choose to use limited resources
- the way a country organizes economic activity
- gifts of nature we use to produce goods and services
- result of people having unlimited wants and limited resources
- comparing marginal costs and marginal benefits of a choice or action
- change in total benefit received from one more unit
- total satisfaction gained from consuming a good or service
- economic model that illustrates possible production combinations
- resources used to produce goods and services
Down
- individuals concentrate on a single activity or an area of expertise
- knowledge and skills people gain from education
- what to produce, how to produce, for whom to produce
- efficiency with which goods and services are produced
- when a resource, good, or service becomes unavailable
- system in which decision about production and consumption are made by a central authority
- change in total cost paid for one more unit
- the tools and equipment used in production
- economic system in which both gov't and individuals play important roles
- act of willingly trading one item or service for another
- way a person lives that can increase with education/training
- the point where marginal benefit equals marginal costs
- value of the next best choice that is given up when making a choice
25 Clues: distribution of goods • the tools and equipment used in production • change in total cost paid for one more unit • resources used to produce goods and services • the way a country organizes economic activity • knowledge and skills people gain from education • change in total benefit received from one more unit • what to produce, how to produce, for whom to produce • ...
Business Economics 2022-10-31
Across
- Coal is an example of __ factors of production
- Type of economy that uses elements of all three
- level of income
- How much something is worth
- Created as a result of process
- of money
- A person who employ workers to producer goods
- The type of money that circulates in different
- Macroeconomics deals with
- Consumer's desire and willingness to pay a price
- Putting money aside to spend on a later date
- Valuable things to pay some goods or service
- The money used to start a business
- A picture or a symbol representing a business
Down
- Action of buying and selling goods and services
- services
- Knowledge about the production, consumption,
- People who buy your product
- Where buyers and sellers interact
- Goods and services sold to other countries
- The study of individual
- The sudden rise in price
- necessary for survival
- good
- Amount of money required to pay for a good or
- The situation that exists when there are not enough resources to meet human wants
- A luxury item
- Reward paid for unskilled labour
- The money paid to the government depending on
- Input factor classified as skilled, semiskilled and unskilled
30 Clues: good • services • of money • A luxury item • level of income • necessary for survival • The study of individual • The sudden rise in price • Macroeconomics deals with • People who buy your product • How much something is worth • Created as a result of process • Reward paid for unskilled labour • Where buyers and sellers interact • The money used to start a business • ...
Business Economics 2022-10-31
Across
- Coal is an example of __ factors of production
- Type of economy that uses elements of all three
- level of income
- How much something is worth
- Created as a result of process
- of money
- A person who employ workers to producer goods
- The type of money that circulates in different
- Macroeconomics deals with
- Consumer's desire and willingness to pay a price
- Putting money aside to spend on a later date
- Valuable things to pay some goods or service
- The money used to start a business
- A picture or a symbol representing a business
Down
- Action of buying and selling goods and services
- services
- Knowledge about the production, consumption,
- People who buy your product
- Where buyers and sellers interact
- Goods and services sold to other countries
- The study of individual
- The sudden rise in price
- necessary for survival
- good
- Amount of money required to pay for a good or
- The situation that exists when there are not enough resources to meet human wants
- A luxury item
- Reward paid for unskilled labour
- The money paid to the government depending on
- Input factor classified as skilled, semiskilled and unskilled
30 Clues: good • services • of money • A luxury item • level of income • necessary for survival • The study of individual • The sudden rise in price • Macroeconomics deals with • People who buy your product • How much something is worth • Created as a result of process • Reward paid for unskilled labour • Where buyers and sellers interact • The money used to start a business • ...
Business Economics 2022-10-31
Across
- Coal is an example of __ factors of production
- Type of economy that uses elements of all three
- level of income
- How much something is worth
- Created as a result of process
- of money
- A person who employ workers to producer goods
- The type of money that circulates in different
- Macroeconomics deals with
- Consumer's desire and willingness to pay a price
- Putting money aside to spend on a later date
- Valuable things to pay some goods or service
- The money used to start a business
- A picture or a symbol representing a business
Down
- Action of buying and selling goods and services
- services
- Knowledge about the production, consumption,
- People who buy your product
- Where buyers and sellers interact
- Goods and services sold to other countries
- The study of individual
- The sudden rise in price
- necessary for survival
- good
- Amount of money required to pay for a good or
- The situation that exists when there are not enough resources to meet human wants
- A luxury item
- Reward paid for unskilled labour
- The money paid to the government depending on
- Input factor classified as skilled, semiskilled and unskilled
30 Clues: good • services • of money • A luxury item • level of income • necessary for survival • The study of individual • The sudden rise in price • Macroeconomics deals with • People who buy your product • How much something is worth • Created as a result of process • Reward paid for unskilled labour • Where buyers and sellers interact • The money used to start a business • ...
Business Economics 2022-10-31
Across
- Coal is an example of __ factors of production
- Type of economy that uses elements of all three
- level of income
- How much something is worth
- Created as a result of process
- of money
- A person who employ workers to producer goods
- The type of money that circulates in different
- Macroeconomics deals with
- Consumer's desire and willingness to pay a price
- Putting money aside to spend on a later date
- Valuable things to pay some goods or service
- The money used to start a business
- A picture or a symbol representing a business
Down
- Action of buying and selling goods and services
- services
- Knowledge about the production, consumption,
- People who buy your product
- Where buyers and sellers interact
- Goods and services sold to other countries
- The study of individual
- The sudden rise in price
- necessary for survival
- good
- Amount of money required to pay for a good or
- The situation that exists when there are not enough resources to meet human wants
- A luxury item
- Reward paid for unskilled labour
- The money paid to the government depending on
- Input factor classified as skilled, semiskilled and unskilled
30 Clues: good • services • of money • A luxury item • level of income • necessary for survival • The study of individual • The sudden rise in price • Macroeconomics deals with • People who buy your product • How much something is worth • Created as a result of process • Reward paid for unskilled labour • Where buyers and sellers interact • The money used to start a business • ...
Business Economics 2022-10-31
Across
- Coal is an example of __ factors of production
- Type of economy that uses elements of all three
- level of income
- How much something is worth
- Created as a result of process
- of money
- A person who employ workers to producer goods
- The type of money that circulates in different
- Macroeconomics deals with
- Consumer's desire and willingness to pay a price
- Putting money aside to spend on a later date
- Valuable things to pay some goods or service
- The money used to start a business
- A picture or a symbol representing a business
Down
- Action of buying and selling goods and services
- services
- Knowledge about the production, consumption,
- People who buy your product
- Where buyers and sellers interact
- Goods and services sold to other countries
- The study of individual
- The sudden rise in price
- necessary for survival
- good
- Amount of money required to pay for a good or
- The situation that exists when there are not enough resources to meet human wants
- A luxury item
- Reward paid for unskilled labour
- The money paid to the government depending on
- Input factor classified as skilled, semiskilled and unskilled
30 Clues: good • services • of money • A luxury item • level of income • necessary for survival • The study of individual • The sudden rise in price • Macroeconomics deals with • People who buy your product • How much something is worth • Created as a result of process • Reward paid for unskilled labour • Where buyers and sellers interact • The money used to start a business • ...
Business Economics 2022-10-31
Across
- Coal is an example of __ factors of production
- Type of economy that uses elements of all three
- level of income
- How much something is worth
- Created as a result of process
- of money
- A person who employ workers to producer goods
- The type of money that circulates in different
- Macroeconomics deals with
- Consumer's desire and willingness to pay a price
- Putting money aside to spend on a later date
- Valuable things to pay some goods or service
- The money used to start a business
- A picture or a symbol representing a business
Down
- Action of buying and selling goods and services
- services
- Knowledge about the production, consumption,
- People who buy your product
- Where buyers and sellers interact
- Goods and services sold to other countries
- The study of individual
- The sudden rise in price
- necessary for survival
- good
- Amount of money required to pay for a good or
- The situation that exists when there are not enough resources to meet human wants
- A luxury item
- Reward paid for unskilled labour
- The money paid to the government depending on
- Input factor classified as skilled, semiskilled and unskilled
30 Clues: good • services • of money • A luxury item • level of income • necessary for survival • The study of individual • The sudden rise in price • Macroeconomics deals with • People who buy your product • How much something is worth • Created as a result of process • Reward paid for unskilled labour • Where buyers and sellers interact • The money used to start a business • ...
Economics 1 2022-09-12
Across
- A five-step procedure that assists in making the most appropriate choice among competing alternatives
- The means through which goods and services are made available to consumers
- People who work to produce goods and services in a business; also known as workforce or labour
- A product or service that consumers no longer want because it has become outdated or outmoded or has been replayed by a new or improved product
- When consumers have the power to choose where they will buy goods and services, and how much they will pay for them
- Patrons of a particular store or business
- A person who takes risks and starts a venture to solve a problem or to take advantage of an opportunity; a person who provides an innovative product or service to meet a consumer want or need
- Assistance provided, usually in return for payment, that satisfies needs or wants of consumers
- The quantity of a good or service that consumers are willing and able to buy
- Mutually dependent; relying on others who also rely on you
- The economic principle that supply goes up when prices go up, and comes down when prices come down
- The quantity of a good or service that producers can provide, determined by the costs of producing it and by the price people are willing to pay for it
- A charitable organization or charity that does not seek profit from the operations of the business and raises funds for a specific goal
- The amount of money that is required for each stage of production
- Expenditures that help a business generate revenue; assets that are consumed in the process of generating revenue
Down
- An individual or business that makes a product or provides services
- An independent association of persons who utilize the goods and services offered and come together to meet their economic, social, and cultural needs and goals
- A situation in which two or more businesses try to sell the same type of product or service to the same customer
- Resources such as equipment, a building, or money, that are used to produce goods and services
- Any business that employs fewer than 500 people
- Another name for economic resource
- Quantity of goods and materials kept on hand
- The raw materials that come from the earth, the water, and the air
- The reward that an owner receives for taking risks. It is the money left over from sales after the costs and expenses of operating a business have been paid. The income that is left from sales after all costs and expenses are paid
- The economic principle that demand goes up when prices come down, and comes down when prices go up
- An organization, often a charitable organization, that does not seek to make a profit from the operations of the business
- When businesses are in control and can charge high prices and raise prices when costs go up
- Items not necessary for survival but that adds pleasure and comfort to life
- The value of a product or service expressed in dollars and cents and is determined by many factors, including supply and demand
- A person who buys goods and services. Also referred to as a customer
- Any location where producers and consumers come together to engage in the buying or selling of goods and services
- Items necessary for survival such as food, clothing, or shelter
- Having the ability to pay all debts and meet financial obligations
- The way business and government work together to provide goods and services to consumers, and ensures that a country’s resources will not be overstretched
- Items that can be seen and touched
35 Clues: Another name for economic resource • Items that can be seen and touched • Patrons of a particular store or business • Quantity of goods and materials kept on hand • Any business that employs fewer than 500 people • Mutually dependent; relying on others who also rely on you • Items necessary for survival such as food, clothing, or shelter • ...
Econic Economics 2022-06-08
Across
- The study of the production, distribution and consumption of goods and services is called _______ .
- _______ ensures that you know what you are getting into when you deal with lenders and creditors.
- _____ is an economic situation caused by a rise in prices for goods and services.
- In the U.S. you are considered _______ if you work for your uncle 12 hours a week for free.
- A tax system where we all pay the same amount of taxes is ________.
- The economist that believed governments have to be in control of everyone’s wealth in order to have economic equality between people was ____.
- Served 18 years as the Chairman of the Federal Reserve ______.
- The measurement of services and goods that is produced over a certain amount time is called ______.
- We rely on other countries and others rely on us to provide products and services creates economic ________.
- The main purpose of ____ in our economy allows us to buy, sell and exchange a specific product.
- Monetary payments that are distributed to aged and disabled Americans is called ___.
- Unbalanced activity between supply and demand causes ____ on our economy.
- A economy with slow growth, high unemployment and rising cost is in a state of ________ .
- The measurement of services and goods that is produced over a certain amount time is called ______.
- ___ consists of valuable assets and products family members transfer from generation to generation.
Down
- ___ signed the Federal Reserve Act that created a decentralized central bank.
- A graph that show the demand for final goods and services in an economy at a given time ________.
- Goods like washing machines, a private jet and your corvette are ___ goods.
- Financial policy that is usually taken when inflation is high _______.
- Non-essential government spending that shows up in a budget is considered _____.
- The ____ is what the US pays out and gets back form other countries when it trades internationally.
- Trade barrier lovers and protectors of domestic industry ____.
- __ is a type of medical insurance for low income people.
- ______ was a Noble prize winner know for theories on economic stabilization policy.
- The __shows where the economy is and the difference between what the can and does produce in the business cycle.
25 Clues: __ is a type of medical insurance for low income people. • Trade barrier lovers and protectors of domestic industry ____. • Served 18 years as the Chairman of the Federal Reserve ______. • A tax system where we all pay the same amount of taxes is ________. • Financial policy that is usually taken when inflation is high _______. • ...
Economics 2 2022-06-15
Across
- kids get in for half-price
- produce more with this please
- interference
- market failure
- The Rolling Stones can't get no
- everyone produces same good in this market
- it's where price ceilings are
- we are in it currently
- well we have too much
- AVC + AFC
- comparing apples and oranges only one way
- pay for work
- in perfect competition it's all the same
- income tax is this type
- the only reason for production
Down
- you should only do this part of production
- "The___________ science."
- when MR = 0 you maximize this
- CS + PS
- Supply says to demand, "we meet again."
- MC looks like this symbol
- everyone gets this efficiency
- enlightened economist
23 Clues: CS + PS • AVC + AFC • interference • pay for work • market failure • well we have too much • enlightened economist • we are in it currently • income tax is this type • "The___________ science." • MC looks like this symbol • kids get in for half-price • produce more with this please • when MR = 0 you maximize this • it's where price ceilings are • everyone gets this efficiency • ...
Economics Terms 2019-04-04
Across
- It is the aggregate of total flow of goods and services produced by an economy in a year(Use abbreviation)
- refer to commercial loans with a minimum three-year maturity that can be raised from lenders from overseas where interest rates are lower than in India(Use abbreviation)
- These are inferior goods that people consume more even if the price rises
- ported product, the tax levied at the point of entry into the importing country
- Deliberate downward adjustment to value of a country’s currency relative other currencies
- Is an individual who sells shares in a hope that the stock's price would fall
- In this form of market, there are a small number of firms that have more than 40% of the market share
- It is a type of market structure having one seller and many buyers
- The principle of non-intervention of government in economic affairs
- The degree of responsiveness of quantity demanded or supplied to a change in price
- ratio of cash in hands, exclusive of cash balance maintained by ranks to meet required CRR, but no excess reserves(Use abbreviation)
Down
- It is a measure of inflation, or price change, arrived at after regularly measuring the prices of a slew of wholesale goods(Use abbreviation)
- Decline in the general price level of goods and services leading to rise in the value (purchasing power)
- Which policy does central bank use to influence the course of an economy through decisions on money supply and interest rate
- The term refers to Govt selling its equity stake in companies it owns
- GDP plus net factor income from abroad(Use abbreviation)
- Refers to the ratio which banks have to maintain with the RBI as the certain percentage of their holdings of cash and their time liabilities(Use abbreviation)
- Is an individual who buys shares in a hope that the stock's price would rise
- It is a measure of inflation, or price change, arrived at after regularly measuring the prices of a slew of household goods and services.(Use abbreviation)
- It is a trade measure that shows the value of a country’s imports of goods and services to be higher than the value of its exports(Use abbreviation)
- Which policy does Govt use to influence the course of an economy through decisions on taxes and spending
21 Clues: GDP plus net factor income from abroad(Use abbreviation) • It is a type of market structure having one seller and many buyers • The principle of non-intervention of government in economic affairs • The term refers to Govt selling its equity stake in companies it owns • These are inferior goods that people consume more even if the price rises • ...
Economics Crossword 2019-10-11
Across
- A medium of exchange whose value derives entirely from its official status as a means of payment.
- A medium of exchange with no intrinsic value whose ultimate value is guaranteed by a promise that it can be converted into valuable goods.
- This shows the relationship between the aggregate price level and the quantity of aggregate output supplied that would exist if all prices, including nominal wages, were fully flexible.
- When aggregate output is below potential output.
- A good used as a medium of exchange that has intrinsic value in other uses
- refers to the way in which the individual pursuit of self interest can lead to good results for society as a whole.
- Any asset that can easily be used to purchase goods and services
- Nominal wages that are slow to fall even in the face of high unemployment and slow to rise even in the face of labor shortages.
- The total value of financial assets in the economy that are considered money.
- The social science that studies the production, distribution, and consumption of goods and services.
- Government debt held by individuals and institutions outside the government.
Down
- Government spending and taxation rules that cause fiscal policy to be automatically expansionary when the economy contracts and automatically contractionary when the economy expands.
- The level of real GDP the economy would produce if all prices, including nominal wages, were fully flexible
- When aggregate output is above potential output.
- are rules set by the Federal Reserve that determine the minimum reserve ratio for banks
- not enough of the resources are available to satisfy all the various ways a society wants to use them.
- Fiscal policy that reduces aggregate demand.
- The combination of inflation and falling aggregate output.
- An economy in which decisions about production and consumption are made by individual producers and consumers.
- Fiscal policy that increases aggregate demand.
- An event that shifts the short-run aggregate supply curve is a ___________
- An event that shifts the aggregate demand curve is a ______________.
- anything that offers rewards to people who change their behavior.
- A phenomenon in which many of a bank’s depositors try to withdraw their funds due to fears of a bank failure.
24 Clues: Fiscal policy that reduces aggregate demand. • Fiscal policy that increases aggregate demand. • When aggregate output is above potential output. • When aggregate output is below potential output. • The combination of inflation and falling aggregate output. • Any asset that can easily be used to purchase goods and services • ...
Africa Economics 2020-03-27
Across
- ______ means that the land is good for farming.
- The type of currency in Nigeria is called a ______.
- Rates _______ ____ is how much one persons currency to anothers.
- The _____ is and important thing to countries because it is the total number of outputs of goods and services produced in a year.
- When you focus on one thing and becoming the expert it is called _________.
- The type of currency in Kenya is called a ______.
- ______ is the type of paper and coins used to purchase things.
- A economy that is completely controlled by the government is called ________.
- The type of currency in South Africa is called a _______.
- Kenya put a _______ on exported goods.
Down
- South Africa put a ______ on how much they could export.
- A perfect economy with no government control is called a ________ economy.
- __________ start businesses to give more people jobs.
- This economy gets the best of both world with it having some government control and some freedom it is called a __________ economy.
- When investing in ________ this can improve your GDP.
- Chad is a _________ country.
- _______ is the process of trading without using money.
- When investing in ______ capital it can raise your unemployment rate.
- Nigeria put a _______ on Cuba for trade.
- There are not many ________ economies that go off of beliefs and customs.
20 Clues: Chad is a _________ country. • Kenya put a _______ on exported goods. • Nigeria put a _______ on Cuba for trade. • ______ means that the land is good for farming. • The type of currency in Kenya is called a ______. • The type of currency in Nigeria is called a ______. • __________ start businesses to give more people jobs. • ...
Economics Puzzle 2020-10-28
Across
- Businesses are interested in knowing their
- Are expenses that the owners of a business must incur whether they produce nothing, a tittle, or a lot
- Shows the data found in the market demand schedule
- Is a tax on the production or sale of a specific good or service
- Are the price of the resources needed to produced a good or service
- When a change in price leads to a relatively smaller change in the quantity demanded
- A graph that shows how much of a good or service an individual producer is willing and able to offer for sale at each price
- Shows the data from the market supply schedule
- Are goods that consumers demand more of when their incomes rise
- The level of production where it realizes the greatest amount of profit
- The willing ness to buy a good or service and the ability to pay for it
- Which states that the marginal benefit from using each additional unit of a good
- States that producers are willing to sell more of a good or service at a higher price that they are at a lower price
- A change in the amount of a product that a consumer will buy because the purchasing power of his or her income changes
- Are business costs that vary as the level of production output changes
- Goods and services that can be used in place of other goods and services to satisfy consumer
Down
- Is the income a business receives from selling a product
- Is the added revenue per unit of output
- A graph that shows how much of a good
- Businesses find the
- The use of one product increases the use of another product, the two products
- The willingness and ability of producers to offer goods and services for sale
- The act of controlling business behavior through a set of rules or laws, can also effect supply
- The pattern of behavior that occurs when consumers react to a change in the price of a good or service by buying a substitute product
- Consumers buy more of it
- When a change in price, either up or down, leads to a relatively larger change in the quantity demanded
- Are goods that consumers demand less of when their incomes rise
27 Clues: Businesses find the • Consumers buy more of it • A graph that shows how much of a good • Is the added revenue per unit of output • Businesses are interested in knowing their • Shows the data from the market supply schedule • Shows the data found in the market demand schedule • Is the income a business receives from selling a product • ...
Economics Project 2020-11-11
Across
- represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.
- a method of production whereby an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency.
- assumes minimum cost for the production of a good or service, maximum output, and maximum surplus from the operation of the market.
- an economic concept that refers to man-made elements employed to produce goods or services.
- the social science that studies the implications of incentives and decisions, specifically about how those affect the utilization and distribution of resources
- the knowledge, skill, training, and experience that individuals need to produce goods and services within their economy.
- The transfer of ownership, property or business from the government to the private sector is termed privatization.
- an individual who pays some amount of money for the thing required to consume goods and services.
- a condition where different economic firms seek to obtain a share of a limited good by varying the elements of the marketing mix: price, product, promotion and place.
- where one thing increases and another must decrease.
- an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses.
- The effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.
- a marketplace where securities, commodities, derivatives and other financial instruments are traded.
- is the ability of people of a society to take economic actions.
- an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.
- products bought for consumption by the average consumer
- an economic system in which a central authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products.
- The action of helping or doing work for someone
- an absence of excessive fluctuations in the overall economy.
- is the social science that studies how people interact with things of value.
- an increase in the production of economic goods and services, compared from one period of time to another.
- natural assets (raw materials) occurring in nature that can be used for economic production or consumption.
- an act of trading goods or services between two or more parties without the use of money
- a system where the government, rather than the free market, determines what goods should be produced, how much should be produced, and the price at which the goods are offered for sale.
- physical assets that a company uses in the production process to manufacture products and services that consumers will later use.
- when all goods and factors of production in an economy are distributed or allocated to their most valuable uses and waste is eliminated or minimized.
- a graph that shows all of the different combinations of output that can be produced given current resources and technology.
- an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.
- The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
- the total satisfaction received from consuming a good or service.
Down
- items that satisfy human wants and provide utility,
- the marketplace where final goods or services are sold to businesses and the public sector.
- demonstrates how money moves through society. Money flows from producers to workers as wages and flows back to producers as payment for products.
- The state of being in short supply.
- an area of the production, distribution and trade, as well as consumption of goods and services by different agents.
- what is used in the production process to produce output—that is
- someone who creates and supplies goods or services.
- economic system is based on customs, history and time-honored beliefs.
- an economic system blending elements of a market economy with elements of a planned economy, free markets with state interventionism, or private enterprise with public enterprise.
- refers to the action of a government taking control of a company or industry, which generally occurs without compensation for the loss of the net worth of seized assets and potential income.
- a market in which companies buy the factors of production or the resources they need to produce their goods and services.
- the difference between the revenue a business has received from its outputs and the opportunity costs of its inputs.
- the separation of tasks in any economic system or organisation so that participants may specialize
- an expert who studies the relationship between a society's resources and its production or output.
- 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.
- a measure of the benefit provided by a good or service to an economic agent.
- the interconnected worldwide economic activities that take place between multiple countries.
- the concept or idea of fairness in economics, particularly in regard to taxation or welfare economics.
- is the science of modeling technology change, markets and value creation including business models.
- a branch of economics that studies how an overall economy—the market or other systems that operate on a large scale—behaves.
- the ability of individuals and families to maintain sufficient income to consistently meet their basic needs
- The division of resources into shares or portions.
- a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date
- a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit (and therefore indirectly for use).
- a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange.
- any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context.
56 Clues: The state of being in short supply. • The action of helping or doing work for someone • The division of resources into shares or portions. • items that satisfy human wants and provide utility, • someone who creates and supplies goods or services. • where one thing increases and another must decrease. • products bought for consumption by the average consumer • ...
