Economics

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Across
  1. 2. – The amount of a good or service consumers are willing and able to buy.
  2. 7. – Money earned from working or investing.
  3. 9. – Focusing on producing certain goods efficiently.
  4. 11. – Goods brought into a country.
  5. 12. – Money owed to another person or institution.
  6. 14. – A tax placed on imported goods.
  7. 15. – When supply is greater than demand.
  8. 17. – The point where supply and demand meet to determine price.
  9. 24. – Expenses required to operate a business.
  10. 25. – The act of organizing resources and taking risks to start a business.
  11. 27. – Giving up one thing in order to gain something else.
  12. 29. – The exchange of goods and services between countries.
  13. 30. – A general increase in prices over time, which reduces purchasing power.
  14. 31. – The study of how people make choices about using limited resources.
Down
  1. 1. – A market situation where one company controls the entire market.
  2. 3. – When demand is greater than supply.
  3. 4. – Borrowed money that must be repaid later.
  4. 5. – Human effort used in the production of goods and services.
  5. 6. – Items that improve quality of life but are not necessary for survival.
  6. 8. – Goods sold to other countries.
  7. 10. – Basic essentials required for survival (food, water, shelter).
  8. 13. – Revenue minus costs.
  9. 16. – The amount of a good or service producers are willing to sell.
  10. 18. – Using money to try to earn more money over time.
  11. 19. – Businesses trying to attract the same customers.
  12. 20. – Money earned from saving or paid for borrowing money.
  13. 21. – Not having enough resources to satisfy all wants.
  14. 22. – Total money earned from sales.
  15. 23. – Tools, machines, and equipment used to produce goods and services.
  16. 26. – Money set aside for future use.
  17. 28. – Natural resources used to produce goods and services.