Across
- 5. The organizational and competitive characteristics of a market. (2 words)
- 7. The quantity of a good or service that consumers are willing and able to buy at a given price.
- 10. A market structure characterized by a single seller dominating the entire market for a particular product or service.
- 12. The measure of responsiveness of one economic variable to changes in another.
- 15. The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal. (2 words)
- 16. An excess of production or supply over demand.
- 18. A tax imposed by a government on imported or exported goods.
- 19. An increase in the capacity of an economy to produce goods and services, compared from one period of time to another. (2 words)
- 20. The rivalry between businesses trying to sell goods or services to the same customers.
Down
- 1. The process by which the monetary authority of a country controls the supply of money, often targeting interest rates to achieve economic objectives. (2 words)
- 2. The income generated from the sale of goods or services before expenses are deducted.
- 3. The buying and selling of goods and services between countries.
- 4. The total amount of a specific good or service that is available to consumers.
- 6. An economic system characterized by private ownership of the means of production and the pursuit of profit.
- 8. The total monetary value of all finished goods and services produced within a country's borders in a specific time period.
- 9. The rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power.
- 11. The use of government spending and taxation to influence the economy. (2 words)
- 13. Financial assistance granted by the government to support businesses or industries that are considered beneficial to the public interest.
- 14. The amount by which a sum of money falls short of the required or expected amount.
- 17. The environment where buyers and sellers interact to exchange goods and services.
