Nature of the economy

123456789101112131415161718192021
Across
  1. 3. the swapping or exchanging of one good for another
  2. 7. intervals of expansion followed by recession in economic activity
  3. 8. states that the quantity of a good or service supplied varies directly with price
  4. 9. states that the quantity of a good or service demanded varies inversely to price
  5. 10. levels of unemployment and sometimes falling prices
  6. 12. the point at which the demand and supply curves intersect
  7. 16. the purchasing of goods and services to satisfy needs and wants
  8. 19. the variety of plant and animal life in the world or in a particular habitat
  9. 20. the price that must be paid in order to use someone else’s money
Down
  1. 1. the creation of goods and services
  2. 2. and a slow rate of economic growth
  3. 4. a large business that has branches in more than one country
  4. 5. regularly putting aside some money for future use
  5. 6. process of interaction and integration among people, companies, and governments worldwide
  6. 11. a severe contraction in the level of economic activity resulting in many business failures, high and
  7. 13. where the exchange of goods, services or resources between buyers and sellers occurs
  8. 14. area of the production, distribution and trade, as well as consumption of goods and services
  9. 15. goods and services sold by local businesses to overseas consumers
  10. 17. the policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing or the money supply
  11. 18. goods and services purchased by local consumers from overseas businesses
  12. 21. a relatively mild contraction in the level of economic activity resulting in reduced spending, rising