Across
- 6. Necessary for survival
- 8. The idea that it is necessary for some companies to fail, and others to succeed, to have a healthy economy (2)
- 9. creating new and better products
- 10. Part of GDP. Something you do for others
- 11. How many goods and services a country makes in a year (3)
- 13. Something that motivates someone to do something
- 15. A tax on trade
- 20. The next best thing you give up when you make a choice (2)
- 22. Investing in multiple companies (2)
- 23. The money you make off an investment
- 24. Trying to help companies in your own country, and hurt foreign competition
- 27. as price goes up people buy less (3)
- 28. Number of people needed to make various products such as a pencil
- 29. When the value of your money decreases
Down
- 1. Supply is greater than demand
- 2. shipping products to other countries
- 3. Tells us how the economy is doing overall (2)
- 4. Country with third highest GDP
- 5. How much people want something
- 7. Doing something that leads to a unexpected result; often trying to make something better but making it worse (2)
- 10. Focusing on one thing and becoming really good at it
- 12. Limited resources
- 14. Who or what sets prices (2)
- 16. The work force. A factor of production
- 17. products brought into your country
- 18. Nations are always better off when they trade (2)
- 19. Buying assets with the goal of making a profit
- 21. Makes nations and people richer
- 25. Lower prices and leads to newer and better products
- 26. Owning part of a company