Economics Vocabulary Crossword

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Across
  1. 2. The legal obligation to pay debts
  2. 3. The amount of a good or service that is available
  3. 4. Something we desire but is not necessary for survival
  4. 6. Contracts to buy or sell commodities at a particular date in the future
  5. 8. The option to sell shares of stock at a specified time in the future
  6. 11. Something essential for survival
  7. 14. The amount of money a business receives in excess of its expenses
  8. 15. Income that does not increase even when prices go up
  9. 16. A market structure that fails to meet the conditions of pure competition
  10. 18. Income that is not used for consumption
  11. 20. net Set of programs to protect people who face unfavorable economic conditions
Down
  1. 1. A semi-independent business that pays fees to a parent company
  2. 5. When a good's price is lower, consumers will buy more of it
  3. 7. Relies on habit, custom, or ritual to answer the three basic economic questions
  4. 9. A business owned and managed by a single individual
  5. 10. The price paid from the use of borrowed money
  6. 12. Expenses that a new business must pay before its can begin to produce and sell goods
  7. 13. Goods that consumers demand more of when their incomes increase
  8. 17. The study of how people seek to satisfy their need/wants by making choices
  9. 19. Is the ability to control prices and total market output