Economics
Across
- 2. the collection of firms involved in making a similar range of items that usually compete with each other
- 4. the integration between different countries and economies
- 6. a situation in which individual firms have implicitly or explicitly agreed to restrict competition
- 7. government selling pte's to the private sector
- 9. the ease with which a financial asset can be transformed into cash so it can be used as a medium of exchange
- 11. situation of firms agreeing to restrict competition
- 12. the total market value of all final goods and services produced in an economy over a period of time
- 14. the wear and tear that all capital goods experience, causing their decrease in value over time
- 17. a good that is used in conjunction with another good
- 20. any current expenditure where the benefits will be obtained in the future
- 21. Australia's central bank
Down
- 1. the tool of the government for the exercise of fiscal policy
- 3. a type of financial asset that provides an individual with ownership over part of a business or company
- 5. the sustained increase in the general level of prices over a period of time, usually one year. Usually measured by a percentage change in the Consumer Price Index
- 8. the process whereby unemployment in the current period results in the persistence of unemployment in future periods as unemployed people can lose their skills, job contacts and motivation to work
- 10. the satisfaction or pleasure that individuals derive from the consumption of goods or services
- 12. a 10 per cent sales tax imposed on most goods and services in Australia
- 13. the amount of money, or other benefits measured in monetary terms, that flows to individuals or households, usually for their contribution to the production process or as a direct payment from the government over a period of time
- 15. the reward to the factor of production capital for its use in the production of goods and services
- 16. the medium of exchange in most modern economies
- 18. a fun economics-themed board game, also used to describe an industry where there is only one seller producing a unique product
- 19. items that remove money from the circular flow of income