Economics Definitions

3. Goods, Brands such as Louis Vuitton make _____ Goods
4. Example: Insurance
8. Synonym for the word: Down payment
12. Physical money
14. The limit of money allocated to something
18. Example: Purchasing a stock
19. The continual increase in the price of goods and services
20. The relationship between rival businesses
22. archived products
23. Resources, Equipment, building, money, that is used to produce goods & services.
24. Clue (Anagram): Rearrange, dogos

1. Goods, Are goods which, as a result of changed conditions, may replace each other in use (or consumption).
2. People or businesses that buy goods or services.
5. Resources, There are 3 types of _____ ______
6. Cannot be perceived by touch.
7. Money that is owed
9. A period of time where there is little economic activity, an era
10. Goods, It is bought so it can be used with another item
11. A complex system of interrelated production, consumption, and exchange activities, which ultimately determine how resources are allocated among participants.
13. Resources, The workforce is made up of ______ _______
15. Goods, Something physical that is essential
16. Buying something with a promise to pay it back later
17. Resources, Materials coming from earth, water and air.
18. a brand new unique idea, thought or fabrication
21. ________ is necessary to improve on existing products and how they are produced and distributed.