Basic Concepts of Economics

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Across
  1. 2. deposits held in banks
  2. 5. average price of all goods and services produced in an economy
  3. 8. uses goods and services to satisfy human
  4. 10. when the economy is producing at maximum allowable output
  5. 12. consumption of goods and services without any adverse impact on the environment
  6. 14. effective desire for a particular thing which can be satisfied by trying to acquire it
  7. 15. comprises of paper notes and coins
  8. 17. satisfying power of a commodity
  9. 19. allocate money with the expectation of a positive benefit in the future
  10. 21. abundance of valuable financial assets that can be used for transactions
Down
  1. 1. act of making goods is called production
  2. 3. setup where buyers and sellers can make deals abt any commodity
  3. 4. wish to have something
  4. 6. valuation placed by a household
  5. 7. using goods and services to satisfy human
  6. 9. intervals of expansion followed by recession in economic activity
  7. 10. wants for those goods which are importantfor the maintenance of normal efficiency
  8. 11. persistent and considerable rise in the general price level
  9. 13. amount of money to be given for a commodity
  10. 16. flow of money to a individual or a group of people in an economy over a period of time
  11. 18. economy has hit a bottom from which the next phase of expansion and contraction will emerge
  12. 20. part of income which is not used for consumption