Economics #3

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Across
  1. 3. - a privilege of a public nature conferred on an individual, group, or company by a government
  2. 7. - occurs when there is a limited need for a type of work to be performed during a particular period during the year.
  3. 11. is a debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate.
  4. 12. - The policy of a government in controlling its own expenditures and taxation, which together make up the budget.
  5. 13. - A legal entity that is separate and distinct from its owners
  6. 14. - A share of a company held by an individual or group
  7. 15. - A condition of slow economic growth and relatively high unemployment
  8. 16. - defined as workers losing their jobs due to business cycle fluctuations in output, i.e. the normal up and down movements in the economy as it cycles through booms and recessions over time
  9. 19. - A longer-lasting form of unemployment caused by fundamental shifts in an economy
  10. 25. the opposite of inflation
Down
  1. 1. - is a microeconomics concept that describes a market structure controlled entirely by market forces.
  2. 2. -The amount by which the government’s total budget outlays exceeds its total receipts for a fiscal year
  3. 4. - is an unincorporated business with one owner who pays personal income tax on profits from the business
  4. 5. - A business organization in which two or more individuals manage and operate the business.
  5. 6. - income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes.
  6. 8. - a type of imperfect competition such that many producers sell products that are differentiated from one another
  7. 9. A situation in which a single company or group owns all or nearly all of the market for a given type of product or service.
  8. 10. - is a sustained increase in the general price level of goods and services in an economy over a period of time
  9. 17. - This is unemployment that occurs from the inevitable time delays in finding new employment in a free market
  10. 18. - one the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period - you can think of it as the size of the economy.
  11. 20. - used as an economic indicator, a deflator of other economic series
  12. 21. -Total outstanding borrowings of a central government comprising of internal and external
  13. 22. - examines economy-wide phenomena such as changes in unemployment, national income, rate of growth, gross domestic product, inflation and price levels.
  14. 23. A situation in which a particular market is controlled by a small group of firms.
  15. 24. Market situation in which competitors would not lower prices for fear of a price war.