economics

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Across
  1. 1. The amount that product sells for per unit. It reflects what society is willing to pay.
  2. 3. Goods that can serve as replacements for one another; when the price of one increase, demand for the other goes up.
  3. 5. Those goods produced or supplied by the economic system that areused as inputs to produce other goods and services in the future
  4. 6. In industry structured in which there is only one large firms that produces a product for which there are no closed substitute.
Down
  1. 2. A state that occurs when there is no tendency for chang
  2. 4. The sum of all of household’s wages, salaries, profits, interest payments, rents, and other forms of earnings in given period of time.