Economics crossword

2. when the free market misallocates resources.
3. a new industry that is yet to achieve economies of scale
5. the sale of public assets to the private sector
7. the total value of assets owned by a person
9. the short term fluctuations in real GDP
11. the total value of all goods and services produced in an economy in a given period of time adjusted for inflation
12. the responsiveness of quantity demanded to a change in price
13. the level of education, skill and experience of the labour force
14. international trade that is not subject to any kind of trade barrier
17. a group of countries that have agreed to reduce trade barriers
19. a fall in the rate of inflation

1. the value of the next best alternative foregone.
4. the cost of borrowing and the return on saving.
6. When government expenditures exceed government revenues
8. a good where demand increases as incomes increase.
10. an amount of money paid by the government too lower a firm's costs of production
15. the planned spending on domestic goods and services (C+G+I+X_M)
16. goods with negative YED
18. man made resources