Across
- 2. Curve: relationship between price and quantity demanded.
- 4. Emigrants: are individuals who leave their home countries.
- 5. inflation:refers to a persistent.
- 8. Implicit:opportunity costs of using resources, such as the value of the owner's.
- 9. Consumption: goods and services by individuals or households
- 11. items that satisfy wants.
- 12. judgments about how the economy.
- 17. Refugees:are individuals forced to flee their home countries due to persecution.
- 18. Oligopoly: A market structure with a few dominant sellers.
- 24. Wages: are the lowest legal wage that employers.
- 25. Basic Commodities: are essential goods and services that are necessary.
- 27. Marginal Revenue: The additional revenue from selling.
- 28. Investment: involves committing resources, typically money, to acquire.
- 30. Preference: They are a key factor in determining demand for goods.
- 31. Socialism: It aims to reduce inequality and promote social welfare.
- 32. activities that satisfy wants.
- 35. Factors of production.
- 37. of Input: refers to the expenses incurred by a business.
- 38. The willingness and ability of producers.
- 39. A measure of the responsiveness of one variable to another
- 40. Capital:refers to the resources used in the production.
- 41. refer to individual preferences and desires for goods and services.
- 43. Pull Factors:conditions or opportunities that attract people to new destinations.
- 44. Price Control: This can include price ceilings, price floors, or other measures.
- 48. The value of the next best alternative forgone.
- 49. in Supply: Factors that cause the entire supply curve to shift
- 51. Cost: The additional cost of producing one more unit of output.
- 52. Price Floor: typically used to support producers or workers.
- 53. Shifts in Demand: Factors that cause the entire demand curve
- 54. Human Capital: refers to the skills, knowledge.
- 58. out-of-pocket expenses incurred by busine
- 59. Macro Level:economics examines the economy as a whole.
- 60. refer to a change in position, direction.
- 61. Low Unemployment: refers to a situation where a small percentage of the labor.
- 62. is the opposite of inflation, characterized by a general decrease.
- 63. Deadweight Loss: surplus due to market inefficiencies.
- 64. Slope:It can be used to represent the relationship between two variables.
- 66. Surplus: minimum price a producer.
- 67. Supply Curve: relationship between price and quantity supplied.
- 69. Competition: A market structure with many buyers and sellers.
- 72. A market structure with a single seller and no close substitutes.
- 74. Income Approach: method of calculating national income.
- 75. Micro Level: economics focuses on individual economic decisions.
- 76. are used to protect domestic industries and generate.
Down
- 1. refers to the application of scientific knowledge.
- 2. Price: quantity demanded equals quantity supplied.
- 3. Push Factors: conditions or events that drive people to leave their home countries.
- 4. Immigrants: are individuals who arrive in a new country to live permanently.
- 6. state of lacking the financial resources and essentials.
- 7. of Supply: As price increases, quantity supplied increases
- 9. Equity:refers to fairness and justice in the way people are treated.
- 10. Tax: It is a major source of revenue for governments.
- 13. Migration: refers to the movement of people from one place to another.
- 14. representations of economic phenomena.
- 15. Labor Supply: The willingness and ability of workers to offer their services.
- 16. is the flow of money or other assets that an individual or household.
- 19. a general increase in the prices of goods and services in an economy over time.
- 20. Population Growth: Can affect labor supply, demand for goods.
- 21. Basic Commodities: Essential goods and services.
- 22. Wages: The price of labor, influenced by supply and demand.
- 23. Inflation: occurs when the cost of production increases.
- 26. Surplus: maximum price a consumer.
- 27. study of individual economic units.
- 28. Land: refers to the solid part of the Earth's surface.
- 29. Remittances: are payments sent by migrants to their families and communities.
- 31. Price Floor: They can lead to surpluses and inefficiencies.
- 33. Equilibrium Quantity: bought and sold at the equilibrium price.
- 34. supplied exceeds quantity demanded.
- 36. Unemployment: refers to the situation where individuals.
- 38. price increases, quantity demanded decrease.
- 39. Monopolistic Competition: A market structure with many sellers.
- 42. Equality: the state of being equal.
- 45. Wage: A legal minimum price that can be paid for labor.
- 46. inflation: occurs when the demand for goods and services.
- 47. The study of the economy as a whole.
- 48. Shortage: exceeds quantity supplied.
- 50. Inclusive Growth: It aims to reduce inequality and ensure that everyone.
- 52. Ceiling: A government-imposed maximum price for a good or service.
- 53. fundamental economic problem of unlimited.
- 55. The willingness and ability of consumers.
- 56. Labor:human effort, both physical and mental, used in the production of goods.
- 57. Self-Interest:Individuals and firms act in their own best interests.
- 59. economic phenomena.
- 63. Price Discrimination: Charging different prices to different customers.
- 65. Commodities: are raw materials, such as agricultural products.
- 68. Price Ceilings:government-imposed maximum prices for goods and services.
- 70. Capitalism:It emphasizes individual initiative, profit maximization.
- 71. Employment:It is a crucial factor in determining individual and household.
- 73. Communism: It aims to create a society free from exploitation.
- 76. Sales tax: It is typically collected by retailers and remitted to the government.