APPLIED ECONOMICS

Across

1. the amount of labour that employers seek to hire during a given time period
3. anything that gives its owner value or advantage
6. it is caused non price determinants of factors
11. products that have no connection or relationship to each other and do not affect each other in any way
15. directly related to the demand and supply of labor in a labor market
18. the highest price at which a good or service can be sold
21. the ability to set the sales price for commodity-based end items using the market replacement cost of the main ingredient
22. is when labor supply is greater than labor demand
23. when comparing a certain economic metric to a population
24. As the price of goods and services increases,the quantity supplied also increase
26. people forced to flee their own country and seek safety in another country
27. or resistant to a decline or increase
29. when an individual who is not employed and is seeking employment, cannot find work
32. excess supply in the market
35. a paid mutual work arrangement recruiter and employee
36. the total amount of money—cash
44. a situation where the desire for a product or service exceeds the available supply.
46. money received, especially on a regular basis, for work or through investments.
47. when there is no shortage or surplus of a product in the market.
50. are products that are not considered to be basic needs
52. is when labor demand is greater than labor supply
55. refers to the supply of and demand for labor.
56. the demand for a good or service is greater than the availability of the good or service.
58. an economic ideology that advocates for a classless society
60. the rate of increase in prices over a given period of time.
62. are pricefloor for labor
63. determine how much home-buyers are charged to borrow and buy a property,
65. studies the decisions of individuals and firms to allocate resources
66. is the amount of labor employers seek to hire
68. when an individual who has an idea acts on that idea, usually to disrupt the current market with a new product or service.
72. citizenship who reside in another country for a limited period of employment.
73. an approach to growth and human development
76. an asset or item acquired to generate income or gain appreciation.
77. can complement or replace existing labor
80. occurs when market supply equals market demand
81. the financial benefit realized when revenue generated from a business activity exceeds the expenses.
82. a mandatory payment or charge collected
83. a table that shows the quantity demanded at each price
84. a person or organization that provides something needed such as a product or service.
86. setting tax rates, setting interest rates, and government expenditures.
87. the use of goods and services by a household.
88. is any agreement that's legally enforceable
89. a person who leaves their own country in order to settle permanently in another.
90. To combat demand-pull and cost-push inflation"

Down

2. a basic good traded in large volumes and interchangeable with other goods
4. goods used to produce a product or service to be sold to consumers
5. relating to the work done or those who work in an office or other professional environment.
7. payment from a debtor or deposit-
8. occurs when overall prices increase due to increases in the cost of wages and raw materials
9. goods whose demand decreases with an increase in income.
10. workers who perform manual labor
12. occurs when the quantity demanded is greater than the quantity supplied at the market price
13. when people are required to have more education
14. a table that shows the quantity supplied at each price.
16. limited government intervention
17. an organisational unit producing goods or services
19. a person who comes to a country to take up permanent residence
20. wealth of naton
25. the quantity demanded of a good shows an inverse relationship with the price of a good
28. a system in which a central governmental authority sets permitted levels of production
30. visual representations of information
31. is often thought of as an economic system in which private actors own and control property in accord with their interests,
33. As the price of goods and services increases,the quantity demanded also decrease
34. materials, basic resources, agricultural, or mining products
37. This is the property of an individual.
38. product or service that consumers see as essentially the same or similar-enough to another product.
39. a form of inflation.
40. a field of economics that investigates economic phenomena over time
41. amount of money that is regularly paid to them for the work that they do.
42. organizations that produce goods and services
43. the general decline in the price level of goods and services
45. work, especially hard physical work.
48. when you choose one thing which causes you to have to give up, or sacrifice, another.
49. is the amount of labor offered for hire
51. an increase in the size of a country's economy over a period of time.
53. expectation about the products future price
54. is critical to ensuring that your interests are protected as much as possible
57. a movement meant to protect the Earth's ecosystems.
59. a tax on sales
61. embodies the principle that wealth creation
64. focuses on the performance of economies
67. when there are more producers,the overall supply increases
69. a tax charged on the annual income of an individual
70. a tax or duty to be paid on a particular class.
71. along the curve shows the change in quantity
74. the state of being equal, especially in status, rights and opportunities.
75. a simplified description of reality, designed to yield hypotheses about economic behavior that can be tested
78. order alternatives -based w/their utility
79. an item that is produced for direct use by the end consumers
85. the money returned to company investors after all debts are paid and assets liquidated