Across
- 3. Having more of a good or resource than what is needed.
- 4. Gross domestic product: A measure used to evaluate the health of a country’s economy.
- 6. Cost, Refers to the value of what you have to give up in order to choose something else.
- 7. Relating to money and especially to the money a government, business, or organization earns, spend, and regulates. It can also refer to each country’s (government) treasurer.
- 9. Advantages one receives from an economic decision.
- 11. The direct exchange of goods or services for other goods or services, without using money as a medium of exchange.
Down
- 1. The rate of increase in prices over a given period of time.
- 2. Supply is the amount there is of something. Demand is how much people want it. When there’s more supply than demand, prices go down. When there’s more demand than supply, prices go up.
- 5. The sacrifices made for an economic decision. The sacrifice of money, time, and resources.
- 8. The demand for a good or service is greater than the availability of the good or service. It means there isn’t enough.
- 10. Market, A free market economy is a system where supply and demand, driven by consumer choice and competition, set prices and production levels.