Across
- 2. a product or service that people buy less of when their income increases.
- 4. the deliberate downward adjustment of the value of a country's money relative to another currency or standard.
- 7. the study of the Consumer Price, which is a measure of how the cost of living changes over time
- 10. is called a monopoly
- 12. cost an expense that does not change when sales or production volumes increase or decrease.
- 14. productive and economic activity that adds to the primary purpose of profit, the complementary purpose of good for the community and the area to which it belongs.
- 15. a tax on a donation or gift.
- 18. an institution that deals in money and its substitutes and provides other money-related services
- 20. an individual stays in an economy for a year or longer
- 21. the interest rate before taking inflation into account.
- 24. the application of law by government or regulatory agencies for various economics-related purposes
- 25. the amount charged on top of the principal by a lender to a borrower for the use of assets
- 27. a decrease in the general price level of goods and services.
- 28. expenses that change in proportion to the amount of goods or services a business produces or sells
- 32. a condition where the quantity of a product or service demanded is greater than the quantity supplied at the market price.
- 34. The production of goods that will be used to produce other goods.
- 37. an arrangement to rent something, or the amount of money that you pay to rent something .
- 39. belonging to, or relating to, a town or city
- 43. the responsiveness of a supply of a good or service after a change in its market price.
- 46. a valuation metric used for stocks
- 47. a measure of how responsive one economic variable is to changes in another.
- 48. the rate of increase in prices over a given period of time.
- 49. a type of inflation that results from past events and persists in the present.
- 50. a business tax imposed on specific goods or services on top of its purchase price.
- 52. the lowest amount of money an employer can legally pay an employee for their work.
- 53. Characterized by few sellers
- 54. kinds of goods that are consumed at a time or along with one another.
- 56. measure of how the quantity demanded or supplied of a good or service changes in response to a price change.
- 58. an individual, group, or company that dominates and controls the market for a specific good or service.
- 59. determine the cost of goods sold and services rendered in the free market.
- 60. a quantity much larger than is needed
- 61. products that are produced for direct use by consumers, and are also known as consumer goods.
Down
- 1. the way that various industries are classified and differentiated in accordance with their degree and nature of competition for products and services. economicmodel simplified representation of an economic situation or phenomenon that uses variables and logical or quantitative relationships to illustrate complex processes
- 3. an item that is produced for direct use by the end consumers.
- 5. marketplace where many buyers and sellers compete to provide goods and services, and no single entity can control the price.
- 6. elastic when the demand for the product is entirely dependent on the price of the product.
- 8. an individual or company that must accept prevailing prices in a market, lacking the market share to influence market price on its own.
- 9. the interest rate charged on a loan or investment that's calculated using the original principal amount and a fixed interest rate.
- 11. a type of inflation that occurs when the demand for goods and services is greater than the supply.
- 13. exchange rate involves a country fixing the value of its currency to another currency
- 16. it is center of economic interest is not in the economic territory of a country.
- 17. an enterprise that is the only seller of a good or service
- 19. a percentage change in price results in an equal percentage change in quantity demanded or supplied.
- 22. the sale of goods and services to the general public for personal use
- 23. someone who is a U.S. resident but not an American citizen.
- 26. the total amount of money a company receives from selling goods or services to customers.
- 29. a type of inflation that occurs when production costs increase, causing prices to rise.
- 30. imposition of compulsory levies on individuals or entities by governments.
- 31. the increase in the capacity of an economy to produce goods and services over a period of time
- 33. products used to make other goods or services that are sold to consumers.
- 35. a person or business has legal rights to
- 36. the money left over after subtracting consumption from after-tax income.
- 38. The study of how to use limited resources to satisfy unlimited wants and maximize the welfare of society and individuals.
- 40. the moving up of a developing country from one category to the next.
- 41. a financial institution that manages a country's monetary policy and money supply.
- 42. a product or service that can be used in place of another product or service that serves a similar purpose.
- 44. an increase in the value of an asset over time.
- 45. the amount of money, property, and other transfers of value received over a set period of time in exchange for services or products.
- 51. activities of commerce business operations to earn profits.
- 55. the legal right to make decisions, give orders, and enforce obedience, often within a specific context.
- 57. the demand for a good or service remains relatively constant when the price changes.