Brandon Y - Economics Crossword

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Across
  1. 1. A person or company who makes the purchase of a good or service.
  2. 3. As the price of a good or service increases, the quantity produced increases as well.
  3. 6. The act of making and selling a product with the end goal of earning a profit, set up by an organization to appease customers
  4. 9. The amount of a good or service provided at a certain price.
  5. 10. Raw materials that are harvested and then used to manufacture materials or goods.
  6. 11. How much of a product a company is willing to make to sell based on market prices.
  7. 14. An economic system where private owners are purely motivated by making a profit and making decisions on their own accord.
  8. 15. The principle that multiple parties depend on each other to succeed.
  9. 18. The desire for a certain product and how much customers are willing to pay for it.
  10. 19. The amount of a good or service demanded at a certain price.
  11. 21. As the quantity of a good purchased increases, the quantity produced decreases (inversely proportional).
  12. 22. Goods or services necessary for survival
  13. 24. An outdated product considered useless to many.
  14. 25. A measurement that demonstrates the value of all goods and services manufactured by an economy in a year.
Down
  1. 2. The concept that society hinges on five tiers of needs, and one cannot want a tier above before fulfilling the needs within the tier below.
  2. 4. The state in which market supply and demand are equal.
  3. 5. An increase in prices due to changes in economic activity.
  4. 7. A combination of 2 economic systems, where the government can influence decisions but isn’t always actively involved
  5. 8. The benefits of saving money and the price to borrow money.
  6. 12. Products not needed to live.
  7. 13. A system where everyone is equal, and all resources are government owned and controlled.
  8. 16. Manufacturer / creator of goods and services that are sold.
  9. 17. Resources used to manufacture / produce goods and services.
  10. 20. People who use a good or service
  11. 23. The state of the economy where economic downturn occurs frequently, with many not purchasing as many goods or services.