External business environment

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Across
  1. 1. Shows how many units producers would be willing to offer for sale at different prices (6)
  2. 3. A decrease in the price leads to a rise in this (6)
  3. 8. Income tax is an example of this type of tax, where rates increase with higher income (11)
  4. 10. The desire to make money, often the main business goal (6,6)
  5. 15. Meaning of GDP (5,8,7)
  6. 18. A type of tax that takes a larger percentage from lower-income individuals (10)
  7. 19. What you pay for borrowing money, and what banks pay you for saving money (8)
Down
  1. 2. If this value rises, it makes domestic goods more expensive abroad (5)
  2. 4. A drop in this can lead to lower demand for imports and higher demand for domestic goods (8,4)
  3. 5. Effect that causes consumers to switch to cheaper alternatives (12)
  4. 6. Money charged by lenders, influenced by the base interest rate (8)
  5. 7. Central bank that sets the base interest rate in the UK (4,2,7)
  6. 9. The economic growth of a country (3)
  7. 11. When demand rises as a result of a decrease in price (9)
  8. 12. When demand falls as a result of an increase in price (11)
  9. 13. A type of tax that is collected from consumers through intermediaries (8)
  10. 14. The body responsible for collecting taxes in the UK (4)
  11. 15. The process of countries becoming more interconnected (13)
  12. 16. Financial tool used by governments to influence employment and inflation (5)
  13. 17. A government-imposed fee on imported goods (6)