Circular Flow of the Economy
Across
- 2. market type where goods/service are exchanged for money
- 4. the number 1 thing that affects you purchasing a good/service
- 6. entity that collects taxes from households and businesses
- 9. prices go up quantity supplied goes up
- 11. another name for equilibrium price
- 12. placing your money in the bank
- 14. prices go up quantity demanded goes down
- 15. given to households by businesses for L,L,C,E
- 16. number of sellers in a market
- 18. incentive in the market for a producer
Down
- 1. this could be raw materials, wages, or natural disasters
- 3. used to describe the US economic actors
- 5. this always increases supply
- 7. main role of money in the economy
- 8. incentive in the market for a consumer
- 10. comparing prices of goods and services
- 13. market type where labor is supplied to businesses
- 17. advertising and marketing influence this
- 18. the language between consumers and producers