Market

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Across
  1. 3. Point where supply and demand balance.
  2. 4. Rising prices that reduce purchasing power.
  3. 6. Core economic problem: unlimited wants, limited resources.
  4. 8. When demand is greater than supply.
  5. 10. Place where buyers and sellers strike a deal.
  6. 12. Acronym measuring a nation’s total economic output.
  7. 13. More of this is offered when prices are higher.
  8. 14. Competition where branding sets firms apart.
  9. 17. Land, labour, and capital are examples.
  10. 18. Those who direct resource use by spending.
  11. 19. Rivalry among firms that keeps prices down.
Down
  1. 1. Overall measure of material and non-material wellbeing.
  2. 2. Few firms dominate in this type of market.
  3. 5. Industry sector focused on services like teaching.
  4. 7. A market with only one seller.
  5. 8. Excess stock when supply outweighs demand.
  6. 9. In economics, it rises as price falls.
  7. 11. Buyers want it low, sellers want it high.
  8. 15. They create goods and services for sale.
  9. 16. Achieved when resources are used with minimal waste.