Economics

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Across
  1. 4. the cost of giving up one thing for another
  2. 5. ideal economy that does not exist
  3. 7. economic decline lasting for years
  4. 9. the degree to which people want the product
  5. 12. measures economic goods and services
  6. 14. when wants are greater needs or availability
  7. 15. developing countries who live on beliefs & customs
Down
  1. 1. buyers and sellers freely exchange goods and services
  2. 2. using the formula revenue - expenses will equal
  3. 3. economy ruled by government, locals have no say
  4. 6. study of production, consumption, and distribution
  5. 8. amount of a product that is available
  6. 10. growth and prosperity, more jobs, innovation
  7. 11. economic decline for more than 2 quarters
  8. 13. best economy where innovation can occur