Economic Terms

4. Developed an eponymous theory describing the hierarchy of human needs.
6. Economic system where the government is in control.
7. The need to be protected.
9. The downfall of the economy has reach its lowest point and the population is struggling.
11. Creates a good/service to ultimately be sold.
14. Similar goods that can be used interchangeably.
15. The idea that it is more efficient for groups to specialize at a certain task rather than multiple.
18. The point of intersection where quantity supplied and quantity demanded are the same.
19. Measures the value, size and status of the economy.
20. An organization that aims to earn profit by selling goods and/or services.
21. Economic system blending together the systems that have more and less government intervention.
22. The need to feel accepted and included.
23. When the price of goods and services increases, while the ability to purchase them decreases.
24. All aspects of the economy are satisfactory and consumers begin spending on more non-essential goods.

1. The quantity of goods or services accessible to consumers.
2. Who purchases the good or service.
3. The quantity of a good or service asked for by consumers.
5. When consumer demand decreases, resulting in the downfall of the economy.
8. Who uses the good or service.
10. The feeling of respect from oneself and others.
12. The ultimate goal of fulfillment.
13. Economic system with the least government intervention.
16. Economic system that is less complex and uses every part of a resource.
17. The necessities for human life.
18. The most important factors upholding the economy begin to increase, bringing it up from rock bottom.