Across
- 2. The misuse of public power in the pursuit of private gain
- 4. Is the order of an individual’s choices and alternatives based on their relative utility
- 8. Excess demand in the market
- 9. Income generated by firms operating in the country
- 12. Refers to the tangible human element in the production process
- 15. Leaving a home country or region
- 18. When either demand or supply shifts, quantity demanded or supplied changes for every price
- 19. Free Market Economy also known as
- 21. One of the considerations when making decisions
- 23. Is considered a social science as it seeks to study humans with empirical tools
- 25. The limited availability of a resource
- 29. The intellectual capacity to organize and put together other factors of production to produce goods and services the society needs
- 31. Because there is scarcity, people must choose which want to satisfy first
- 32. An arrangement where the employee will provide services for the employer, and the service shall be compensated
- 35. Refers to the value of the GDP that is not adjusted for inflation
- 36. A type of economic system that central authority provides the answers to the three economic questions
- 38. Increase in the value of capital goods
- 40. It is the set of all quantities supplied at different price levels
Down
- 1. The condition where people lack the resources to meet their basic needs
- 3. are a group of people who left their home country or region
- 5. Giving everyone the same resources
- 6. Occurs when people are in between jobs or, if they do not have work, are actively seeking it
- 7. Cost- What we give up by choosing something else
- 10. Excess supply in the market
- 11. Income generated by the labor force
- 13. Giving more to those who need more
- 14. Refers to investments made to improve production
- 16. Spending by firms and households on capital and long-term goods
- 17. A type of economic system that answers economic questions through the honoring of tradition and established trends
- 20. Refers to resources that can be attributed to the land or the sea
- 22. A type of economic system that has little to no government intervention
- 24. Is arriving at another country or region
- 26. It is the set of all quantities demanded at different price levels
- 27. A type of economic system that takes the best characteristics from each of the other three systems
- 28. Income that comes from the ownership of land
- 30. A type of GDP that focuses on the value of goods and services produced in each time with constant prices
- 33. Group of people from the Philippines who live and work in another country temporarily
- 34. The curve shows the change in quantity given a price change
- 37. Purchase of goods by individuals and households
- 39. are people who leave one country or region to settle in another