Economics Vocabulary

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Across
  1. 1. a medium of exchange for goods and services.
  2. 4. the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
  3. 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.
  4. 10. any benefit that we can quantify in terms of the money that it generates.
  5. 12. a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.
  6. 14. an estimation of revenue and expenses over a specified future period of time and is utilized by governments, businesses, and individuals.
  7. 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.
  8. 16. a good or service that has a benefit (utility) to society.
  9. 19. the amount of money that has been issued by monetary authorities minus currency that has been removed from an economy.
  10. 23. a service or other asset used to produce goods and services that meet human needs and wants.
  11. 25. the way for companies to account for changes in the value of a given asset in the market.
  12. 26. common usage, the monetary value of goods and services that producers and consumers purchase.
Down
  1. 2. a strategic discussion that resolves an issue in a way that both parties find acceptable.
  2. 3. any agreement where one party borrows money from a second party with the promise to pay the amount back with interest.
  3. 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.
  4. 6. All those man-made goods which are used in further production of wealth.
  5. 7. a good or service bought in one country that was produced in another.
  6. 8. mandatory contributions levied on individuals or corporations by a government entity
  7. 9. a cashless economic system in which services and goods are traded at negotiated rates.
  8. 11. a measure of the rate of rising prices of goods and services in an economy.
  9. 13. the disbursement of assets from a fund, account, or individual security to an investor.
  10. 14. used by corporations and governments to issue debt.
  11. 17. a condition where the quantity demanded is greater than the quantity supplied at the market price.
  12. 18. a field of applied economics that studies the financial, organizational, market-related, and environmental issues faced by corporations.
  13. 20. an economic system where two forces, known as supply and demand, direct the production of goods and services.
  14. 21. movable goods produced within the boundaries of one country, which are traded with another country.
  15. 22. an increase in the production of economic goods and services, compared from one period of time to another.
  16. 24. a security that represents the ownership of a fraction of a corporation.