Economics Crossword

1. Goods that are neither excludable nor rival in consumption
4. Total revenue minus total cost
8. The process of buying, selling, or exchanging goods or services
9. The change in total revenue from an additional unit sold
11. Goods brought out from the domestic market to be sold in foreign markets
13. Goods that are both excludable and rival in consumption
14. A good for which an increase in income leads to a increase in demand
17. A situation in which quantity supplied is greater than quantity demanded
18. A legal minimum on the price at which a good can be sold
20. The business practice of selling the same good at different prices to different customers
23. The study of large scale markets
24. Market in which there is only one buyer / consumer
25. The condition that results from the combination of limited resources and unlimited wants

2. The assumption that all other factors remain the same in a given scenario
3. A person who attempts to start a new business or introduce a new product
5. A good for which an increase in income leads to a decrease in demand
6. Sustained fluctuations in economic activity such as employment and production
7. Goods brought in from another country to be sold in the domestic market
10. The minimum amount required to be kept by banks for payout purposes
12. The market structure in which a few large sellers control most of the production of a good or service.
15. The value of the next best alternative that is given up to obtain the preferred item
16. The study of individual / small scale markets
19. A legal maximum on the price at which a good can be sold
21. A situation in which quantity demanded is greater than quantity supplied
22. Market in which there is only one seller / producer