Economic Terms

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Across
  1. 7. people are free to exchange goods
  2. 9. money is a yardstick of economic value in exchanges
  3. 11. the money an individual or business has left after expenses
  4. 12. law that limits free trade
  5. 15. governments provide services to people
  6. 16. value of the thing you give up in a tradeoff
  7. 20. means which goods can be exchanged
  8. 21. a reduction in business activity
  9. 23. businesses that sell to other businesses.
  10. 25. system of producing and selling goods
  11. 27. use of money today that will earn future benefits
  12. 28. something that holds its value over time
  13. 29. countries are linked to each other
  14. 30. government controls economy
  15. 31. something of economic value
  16. 33. what people accept as payment for goods
  17. 34. income not spent
  18. 35. low quality of life
Down
  1. 1. to trade a good for another good
  2. 2. selling directly to consumers
  3. 3. removal of trade barriers between nations
  4. 4. making finished products from raw materials
  5. 5. a business that continues to grow
  6. 6. strong economy and high quality of life
  7. 8. providing a service instead of goods
  8. 10. value of goods produced in a country
  9. 13. focus on growing crops
  10. 14. traits that are well known and accepted
  11. 17. based on long established customs
  12. 18. when banks pay a customer an amount to use the money
  13. 19. money earned from a job
  14. 20. combining parts of different economies
  15. 22. factors needed to produce goods
  16. 24. producers in one country depending on others
  17. 26. based on private ownership, free trade, competition
  18. 32. no enough resources to meet wants