Unit 1 Crossword

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Across
  1. 3. The number of products that businesses are willing to sell at different prices at a specific time.
  2. 6. the supply of the product equals the demand of the product.
  3. 8. The condition in which a percentage of the population wants to work but are unable to find jobs
  4. 9. An economic system in which the government owns and operates basic industries, but individuals own most businesses.
  5. 10. Study of how resources are distributed to produce goods and services within a social system.
  6. 11. The number of goods and services that consumers are willing to buy at different prices at a specific time.
Down
  1. 1. A condition characterized by a continuing rise in prices
  2. 2. an economic system in which individuals own and operate most businesses that provide goods and services.
  3. 4. A condition in which unemployment is high consumer spending is low and business output in reduced.
  4. 5. a society in which the people, without regard to class, own all the nation's resources.
  5. 7. A decline in production, employment and income