Economics Vocabulary
Across
- 1. a medium of exchange for goods and services.
- 4. the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
- 6. a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements of the marketing mix: price, product, promotion and place.
- 10. any benefit that we can quantify in terms of the money that it generates.
- 12. a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.
- 14. an estimation of revenue and expenses over a specified future period of time and is utilized by governments, businesses, and individuals.
- 15. the money that a person has left over after they subtract out their consumer spending from their disposable income over a given time period.
- 16. a good or service that has a benefit (utility) to society.
- 19. the amount of money that has been issued by monetary authorities minus currency that has been removed from an economy.
- 23. a service or other asset used to produce goods and services that meet human needs and wants.
- 25. the way for companies to account for changes in the value of a given asset in the market.
- 26. common usage, the monetary value of goods and services that producers and consumers purchase.
Down
- 2. a strategic discussion that resolves an issue in a way that both parties find acceptable.
- 3. any agreement where one party borrows money from a second party with the promise to pay the amount back with interest.
- 5. a gift of cash or property made to a nonprofit organization to help it accomplish its goals, for which the donor receives nothing of value in return.
- 6. All those man-made goods which are used in further production of wealth.
- 7. a good or service bought in one country that was produced in another.
- 8. mandatory contributions levied on individuals or corporations by a government entity
- 9. a cashless economic system in which services and goods are traded at negotiated rates.
- 11. a measure of the rate of rising prices of goods and services in an economy.
- 13. the disbursement of assets from a fund, account, or individual security to an investor.
- 14. used by corporations and governments to issue debt.
- 17. a condition where the quantity demanded is greater than the quantity supplied at the market price.
- 18. a field of applied economics that studies the financial, organizational, market-related, and environmental issues faced by corporations.
- 20. an economic system where two forces, known as supply and demand, direct the production of goods and services.
- 21. movable goods produced within the boundaries of one country, which are traded with another country.
- 22. an increase in the production of economic goods and services, compared from one period of time to another.
- 24. a security that represents the ownership of a fraction of a corporation.