Economics Keywords

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Across
  1. 2. the factors of production a country has available to produce goods and services
  2. 3. an example of supply-side policy
  3. 5. decision-making by relatively large-scale units or by groups of individuals
  4. 9. the use of government spending and income taxrates to achieve certain macroeconomic aims
  5. 10. a situation where there is only one firm in a market
  6. 15. the willingness and ability to buy a product at a given price at a given period of time
  7. 17. the cost of borrowing money
  8. 20. the sector in which workers are employed in the first stage of the production process, such as farming
  9. 23. a situation in which an individual does not have enough income to satisfy their most basic needs
  10. 24. a year which is allocated a value of 100 index points against which other years are compared
  11. 25. the factor reward for enterprise
  12. 26. a sustained period of negative GDP in the economy over time
  13. 27. resources derived from mother nature
  14. 28. brings all the other factors together to produce a good or service
  15. 29. a measure of human development and well being that takes into account the three dimensions of living standards, health and education
  16. 30. a tax levied on a firm's profit
  17. 34. are those people who are able and willing to buy products
  18. 36. the objective of remaining in business
  19. 37. the process whereby individuals, firms and economies concentrate on producing those products in which they have an advantage
  20. 38. the supply of products exceeds the demand for the products
  21. 39. the act of trading goods and services between two or more parties without the use of money
Down
  1. 1. a type of merger when two or more firms at the same stage of production join together
  2. 4. the state of being without paid work but willing and able to work if a job becomes available
  3. 6. the total value of all final goods and services produced within a country over a year
  4. 7. a tax system that takes a higher proportion ofincome from the rich than the poor
  5. 8. an association of workers formed to protect and promote the interests of its member
  6. 11. products that are possible alternatives to each other
  7. 12. a plan of government's future income and expected spending over a period of time
  8. 13. the inflationary cycle of higher wages
  9. 14. a price established in a market below the equilibrium price
  10. 16. the bank responsible for supervising and regulating the banking and financial system in a country
  11. 18. the transfer of ownership from the government to the private sector
  12. 19. the change in the value of the goods and services, produced within a country over time
  13. 21. the quantity of money in circulation in the economy
  14. 22. a good with potentially harmful effects but which is overconsumed and overproduced as a result of information failure
  15. 31. the cost incurred by firms in changing their prices during inflation
  16. 32. the cost of producing a unit
  17. 33. all individuals of working age who are either employed or unemployed
  18. 34. a measure of unemployment that is calculated by counting all individuals who receive an unemployment benefit
  19. 35. a payment made to producers by a government to keep down the cost of production