Economics Word Search - Johnson

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Across
  1. 4. An area of study that looks at the composition of the population and where those people live
  2. 7. A period of very low rates of growth in production and relatively high rates of unemployment
  3. 8. An industry where a few firms tend to dominate the industry in terms of market share and volumes sold and there is limited competition
  4. 14. A process whereby jobs are relocated overseas
  5. 16. Mental and physical effort exerted by humans in the production process
  6. 17. The buying and selling of goods and services via the internet
  7. 18. See goods and services tax
  8. 19. A good or service that tends to be consumed with another good or service
  9. 20. A good or service that is needed by consumers
  10. 21. When borrowers fail to promptly pay interest on a loan or the principal on a loan when it falls due
  11. 22. Acronym for the Non-Accelerating Inflation Rate of Unemployment
  12. 28. Developing better processes for goods and services
  13. 29. The responsiveness of demand or supply to a change in a variable such as price
Down
  1. 1. / Economic agents who are involved in the production process via the provision of goods or services
  2. 2. The deprivation of food shelter money and clothing that occurs when people cannot satisfy their basic need
  3. 3. An industry or market that is dominated by one seller of a product and the product does not have a close substitute
  4. 5. An entity that provides a good or service for sale with the objective of making a profit
  5. 6. Private or market income in addition to the direct cash benefits received from governments
  6. 9. A good or service that is not a necessity and whose demand tends to increase as income increases to high levels
  7. 10. The addictive pursuit of more and more goods and services
  8. 11. A period of very high rates of growth in production that is likely to be unsustainable
  9. 12. Raw materials such as minerals and agricultural products
  10. 13. Any place that allows buyers and sellers to interact and exchange goods and services
  11. 15. The basic facilities services and structures of society
  12. 18. Physical items of value that are traded in markets
  13. 23. Paid non-personal communication used to persuade consumers to buy products
  14. 24. All those people aged 15 and over who are willing and able to work
  15. 25. Where consumers regularly purchase certain types or brands of goods or services using little or no cognitive effort
  16. 26. Goods and services purchased by Australias that are made overseas
  17. 27. A place where scarce resources are allocated among competing uses and goods/services are bought and sold