Economics Terms
Across
- 2. a set of actions to control a nation's overall money supply and achieve economic growth
- 3. the amount a lender charges a borrower and is a percentage of the principal
- 7. occurs when securities are on the rise
- 11. a condition or state in which economic forces are balanced
- 13. a period of increased commercial activity within either a business, market, industry, or economy as a whole
- 14. the value or benefit given up by engaging in that activity, relative to engaging in an alternative activity
- 16. when a company or business grows so large that the costs per unit increase.
- 17. the average tax rate, or amount of tax paid as a percentage of income, decreases as income increases
- 20. the use of government spending and taxation to influence the economy
Down
- 1. monetary measure of the market value of all the final goods and services produced and sold in a specific time period by countries.
- 4. the cost advantages that enterprises obtain due to their scale of operation
- 5. a good that is both non-excludable and non-rivalrous
- 6. commodities that the public sector provides free or cheaply because the government wishes to encourage their consumption.
- 8. a principle of economics that captures the consumer's desire to buy the product or service
- 9. the rate of increase in prices over a given period of time
- 10. occurs when securities fall for a sustained period of time
- 12. a tax where the. average tax rate, or the total amount of. tax paid as a percentage of income, increases as the taxpayer's income. increases.
- 15. when a supplier sets a fixed price for a good or service for a certain time period
- 18. a significant decline in economic activity spread across the market
- 19. the total amount of a given product or service a supplier offers to consumers at a given period and a given price level.