economics crossword

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Across
  1. 3. emphasises the individual, consumers and business make the decisions, private ownership possible
  2. 4. lowest on maslow’s hierarchy of needs
  3. 9. the amount of goods & services businesses are willing and able to sell at certain prices
  4. 11. where quantity supplied and quantity demanded are equal
  5. 12. goods that are used together
  6. 14. businesses rely on many other businesses in order to keep going
  7. 15. item not necessary for survival but adds pleasure and comfort to life
  8. 16. negative effect in money's purchasing power
  9. 21. product or service that customers no longer want because it’s outdated or has been replaced by a new or improved product
  10. 23. people or business that buy goods or services
  11. 24. item that can be seen or touched
  12. 26. emphasises government, government makes the decisions, government owned
  13. 27. assistance provided, usually in return for payment, that satisfies needs and wants of people or businesses but that doesn’t result in a product that can be touched
  14. 29. highest on maslow’s hierarchy of needs
  15. 30. cannot be perceived by touch
Down
  1. 1. using new tech, materials or processes to improve on existing products or on how they’re produced and distribute
  2. 2. a person does not feel a higher need until the needs of the current level have been satisfied
  3. 5. the correlation between price and how much of a good or service is supplied to the market
  4. 6. anyone who makes or grows a good, or provides a service to sell
  5. 7. a combination of consumers, businesses and government make the decisions
  6. 8. the amount of goods & services people are willing and able to buy at certain prices
  7. 10. to come up with a unique idea, thought or fabrication; a new object, device or process that no one has seen or heard before
  8. 13. item necessary to survival
  9. 17. a negative/inverse relationship between price and quantity demanded
  10. 18. anyone who buys/uses goods and services
  11. 19. land, labour, capital
  12. 20. decisions are made based on the past, based on custom from generation to generation
  13. 22. or tough, state of the economy with large unemployment rates, decrease in income and standard of living
  14. 25. goods that can be used to replace each other
  15. 28. increase in output, income, employment, prices and profit, rise in standard of living, increase in demands and investments
  16. 31. goods that people use less of as their income increases