Economics

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Across
  1. 2. financial gain made in a transaction
  2. 4. the point of balance between price and quantity
  3. 6. the effort that a person devotes to a task for which that person is paid
  4. 7. any human-made resource that is used to produce other goods and services
  5. 10. all other things held constant
  6. 12. businesses that specialize in trading stocks
  7. 16. consumers decide what gets produced
  8. 17. one's own personal gain
  9. 19. to sell state-owned firms to individuals
  10. 20. the additional cost of producing one more unit of output
  11. 21. combination of two or more companies into a single firm
  12. 22. sudden shortage of a good
  13. 23. physical objects such as shoes or shirts
  14. 24. tax on the production or sale of a good
Down
  1. 1. a product that is the same no matter who produces it
  2. 3. claims on property or income, securities
  3. 5. high-yield securities, are lower-rated, and potentially higher-paying
  4. 8. any factor that makes it difficult for a new firm to enter a market
  5. 9. something necessary for survival
  6. 11. costs of production such as air and water pollution
  7. 13. price ceiling placed on rents
  8. 14. an investment report
  9. 15. increase in income causes demand for these goods to fall
  10. 18. the right to sell a good or service within an exclusive market