Applied economics

Across

1. Equality: the state of being equal.
4. inflation:refers to a persistent.
5. Monopolistic Competition: A market structure with many sellers.
9. Immigrants: are individuals who arrive in a new country to live permanently.
11. Unemployment: refers to the situation where individuals.
12. Competition: A market structure with many buyers and sellers.
14. Slope:It can be used to represent the relationship between two variables.
17. Consumption: goods and services by individuals or households
20. Normative Economics: Makes judgments about how the economy.
21. Inclusive Growth: It aims to reduce inequality and ensure that everyone.
22. Economics: Describes economic phenomena.
24. Macro Level:economics examines the economy as a whole.
27. The study of the economy as a whole.
28. Investment: involves committing resources, typically money, to acquire.
30. Self-Interest:Individuals and firms act in their own best interests.
32. Communism: It aims to create a society free from exploitation.
34. Inflation: occurs when the cost of production increases.
36. Price Discrimination: Charging different prices to different customers.
37. Micro Level: economics focuses on individual economic decisions.
39. inflation: occurs when the demand for goods and services.
40. supplied exceeds quantity demanded.
41. Deadweight Loss: surplus due to market inefficiencies.
42. of Input: refers to the expenses incurred by a business.
45. Tax: It is a major source of revenue for governments.
46. Shifts in Demand: Factors that cause the entire demand curve
47. is the opposite of inflation, characterized by a general decrease.
48. Emigrants: are individuals who leave their home countries.
50. Cost: The additional cost of producing one more unit of output.
52. refers to the application of scientific knowledge.
54. Ceiling: A government-imposed maximum price for a good or service.
55. Models: Simplified representations of economic phenomena.
56. The fundamental economic problem of unlimited.
58. Push Factors: conditions or events that drive people to leave their home countries.
59. Wages: are the lowest legal wage that employers.
60. of Demand: As price increases, quantity demanded decrease.
61. Low Unemployment: refers to a situation where a small percentage of the labor.
63. Socialism: It aims to reduce inequality and promote social welfare.
65. Price: quantity demanded equals quantity supplied.
66. Price Floor: typically used to support producers or workers.
67. Shortage: exceeds quantity supplied.
69. A measure of the responsiveness of one variable to another
70. Curve: relationship between price and quantity demanded.
72. The study of individual economic units.
73. Population Growth: Can affect labor supply, demand for goods.
74. to individual preferences and desires for goods and services.
76. refer to a change in position, direction.
77. Intangible activities that satisfy wants.

Down

2. Surplus: maximum price a consumer.
3. Sales tax: It is typically collected by retailers and remitted to the government.
6. the flow of money or other assets that an individual or household.
7. Migration: refers to the movement of people from one place to another.
8. Basic Commodities: Essential goods and services.
10. Human Capital: refers to the skills, knowledge.
11. Pull Factors:conditions or opportunities that attract people to new destinations.
13. Capitalism:It emphasizes individual initiative, profit maximization.
15. Price Ceilings:government-imposed maximum prices for goods and services.
16. Preference: They are a key factor in determining demand for goods.
18. Capital:refers to the resources used in the production.
19. out-of-pocket expenses incurred by busine
20. Employment:It is a crucial factor in determining individual and household.
23. Wage: A legal minimum price that can be paid for labor.
25. Cost: The value of the next best alternative forgone.
26. are used to protect domestic industries and generate.
27. Equity:refers to fairness and justice in the way people are treated.
29. Tangible items that satisfy wants.
31. a general increase in the prices of goods and services in an economy over time.
33. Demand: The willingness and ability of consumers.
35. Surplus: minimum price a producer.
36. Marginal Revenue: The additional revenue from selling.
37. Labor:human effort, both physical and mental, used in the production of goods.
38. Commodities: are raw materials, such as agricultural products.
41. Labor Supply: The willingness and ability of workers to offer their services.
43. Price Control: This can include price ceilings, price floors, or other measures.
44. Remittances: are payments sent by migrants to their families and communities.
49. Basic Commodities: are essential goods and services that are necessary.
51. Price Floor: They can lead to surpluses and inefficiencies.
53. Refugees:are individuals forced to flee their home countries due to persecution.
55. Implicit:opportunity costs of using resources, such as the value of the owner's.
56. Supply: The willingness and ability of producers.
57. Equilibrium Quantity: bought and sold at the equilibrium price.
58. Income Approach: method of calculating national income.
60. of Supply: As price increases, quantity supplied increases
62. Land: refers to the solid part of the Earth's surface.
64. Supply Curve: relationship between price and quantity supplied.
66. A market structure with a single seller and no close substitutes.
67. in Supply: Factors that cause the entire supply curve to shift
68. state of lacking the financial resources and essentials.
71. Oligopoly: A market structure with a few dominant sellers.
73. Wages: The price of labor, influenced by supply and demand.
75. Resources: Factors of production.