Economic terms

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Across
  1. 2. An association of manufacturers or suppliers with the purpose of maintaining prices at a high level.
  2. 6. The amount of an asset or resource that exceeds the portion that's utilized.
  3. 7. The study of a national economy as a whole.
  4. 10. A side effect or consequence of an industrial or commercial activity that affects other parties.
  5. 12. Something that motivates or encourages one to do something.
  6. 14. The study of individuals, households, and firms' behavior in decision-making.
  7. 17. The simultaneous purchase and sale of an asset to profit from an imbalance in the price.
  8. 18. The total satisfaction received from consuming a good or service.
  9. 19. The point where market supply and demand balance each other, and prices become stable.
  10. 22. The process of concentrating on and becoming expert in a particular subject or skill.
  11. 23. Cost: The loss of potential gain from other alternatives when one alternative is chosen.
  12. 24. A type of unemployment that occurs when people are between jobs or looking for their first job.
  13. 26. A person who organizes and operates a business, taking on greater than normal financial risks.
  14. 28. A decrease in the general price level of goods and services.
  15. 29. The process by which businesses or other organizations develop international influence.
  16. 33. A market structure in which a small number of firms has the majority of market share.
  17. 34. The effectiveness of productive effort, especially in industry, as measured by the rate of output per unit of input.
  18. 35. A sum of money granted by the government to assist an industry or business.
  19. 38. The gradual decrease in the economic value of the capital stock of a firm or nation.
  20. 39. Monetary inflation occurring at a very high rate.
  21. 40. The theory or practice of shielding a country's domestic industries from foreign competition.
Down
  1. 1. A curve showing the relationship between tax rates and the amount of tax revenue collected by governments.
  2. 3. The process of allocating capital in a way that reduces the exposure to any one particular asset.
  3. 4. A relationship between countries in which they rely on one another for resources and goods.
  4. 5. A good whose appeal increases with the popularity of its paired counterpart (e.g., peanut butter and jelly).
  5. 8. A period of temporary economic decline during which trade and industrial activity are reduced.
  6. 9. A tax imposed by a government on imported goods and services.
  7. 11. The efficiency or ease with which an asset or security can be converted into ready cash.
  8. 13. Persistent high inflation combined with high unemployment and stagnant demand.
  9. 15. A raw material or primary agricultural product that can be bought and sold.
  10. 16. The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.
  11. 20. An economic system where the factors of production are owned by the public or the state.
  12. 21. A company's financial debt or obligations that arise during its business operations.
  13. 25. The amount by which spending exceeds revenue over a particular period of time.
  14. 27. A measure of a variable's sensitivity to a change in another variable, often price.
  15. 30. An economic system characterized by private or corporate ownership of capital goods.
  16. 31. A market structure characterized by a single seller, selling a unique product in the market.
  17. 32. A sum of money paid regularly by a company to its shareholders out of its profits.
  18. 36. Economic theory advocating for government intervention to manage demand.
  19. 37. A general increase in prices and fall in the purchasing value of money.