Economics Vocabulary Crossword

2. The physical capital that supports a society’s activities- roads, power lines, water facilities, schools
5. The study of how people and societies use limited resources to satisfy unlimited wants
7. One in which allocation of resources is determined by free operation and supply and demand
10. The quantity of a product or service offered for sale at a particular price
12. The status of a budget in which revenue is greater than expenditures
14. The total value of all goods and services produced by a national economy in a year
20. Ease with which a savings vehicle can be turned into cash
24. The percentage cost of credit on a purchase, on a yearly basis

1. A government’s policy of not interfering with its nation’s economy
3. An economic system where decisions to allocate resources are made by the government
4. Market situation in which there is only one seller of a particular good or service
5. Ban on importing goods
6. Tax on imports
8. Business monopoly of the 19th century, control of the firm was in the hands of trustees
9. An economic system in which most resources for production are privately owned, and decisions are made by individuals and business firms
11. The total of all money owed by the federal government
13. A contraction in economic activity that lasts at least six months
15. The measurement of GDP in dollars of a base year
16. Machines, tools, buildings, and other things used to produce goods and services
17. The quantity of a product or service that would be purchased at a particular price
18. One who buys goods and services for personal use
19. Economic practice of the 16-18 century where a nation’s wealth is measured by its stock of gold and silver
21. A general rise in prices
22. A plan for dealing with future income and expenses
23. A place where goods and services are bought and sold