ECONOMIC GROWTH VOCABULARY

2. A business that produces goods or services.
3. The system in which goods and services are produced, distributed, and consumed.
4. The quantity producers are willing and able to sell.
5. Having a paid job or being in work.
6. A person who buys or uses goods and services.
9. A sustained increase in the general price level.
12. Money spent on goods and services.
13. Physical products that satisfy people's wants.
16. A person or business that makes goods or provides services.
19. A period when an economy experiences falling output.
20. Learning that improves knowledge and workers' skills.
21. An increase in the production of goods and services over time.
23. Man-made resources used to produce other goods and services.
24. The public authority that makes policies and collects taxes.
25. The process of making goods and providing services.
27. A compulsory payment made to the government.
28. Human effort used in producing goods and services.
29. The total value of goods and services produced within a country.

1. The situation where people willing to work cannot find jobs.
4. Intangible activities provided to consumers.
7. The factor of production that organizes resources and takes risks.
8. Goods and services produced by firms.
10. Money earned from providing factors of production.
11. Natural resources used in production.
14. The act of using money to buy goods and services.
15. Individuals or families who consume goods and supply factors of production.
17. Spending on capital goods to increase future production.
18. Inputs used to produce goods and services.
22. The use of knowledge and innovation to improve production.
26. The quantity consumers are willing and able to buy.