1. 5. when people are optimistic are their economic wellbeing future
  2. 7. a basic economic concept that describes a voluntary exchange between several parties
  3. 9. the total amount of a specific good or service that is available to consumers
  4. 11. the condition of one who is capable of working, actively seeking work, but unable to find any work
  5. 14. the rise in the number of unemployed people that is expected in certain industries at particular times of year
  6. 16. type of living standards which refers to our access to goods and services like health coverage and etc
  7. 17. people aged over 15 years who are able and willing to work. This includes people who are classified as employed & unemployed
  8. 19. type of unemployment meaning a lack of Ad, which is a Demand side factor
  9. 20. a period of strong economic expansion where many businesses are operating at full capacity or above capacity
  10. 21. the money that a person or entity receives in exchange for their labor or products
  11. 23. type of unemployment which means discouraged job seekers who are no longer actively seeking work
  12. 24. When the resources are inefficiently used or not being used to its full potential
  13. 26. type of unemployment where individuals have been jobless for a long time
  14. 28. When the demand of our resources is greater than the supply of that resources as resources are limited
  15. 30. the body of persons that constitutes the governing authority of a political unit or organization
  1. 1. a acronym of a regional trade and economic development initiative. This agreement is among 21 countries
  2. 2. the costs or value of the next best option "forgone"
  3. 3. a acronym total market value of the goods and services produced by a country's economy during a specified period of time
  4. 4. a business cycle contraction when there is a general decline in economic activity
  5. 6. someone who is currently employed, but who would like and is available to work additional hours
  6. 8. A situation where there is a single seller, selling a unique product in the market
  7. 10. type of change in factors affecting supply other than the price of the commodity which swifts the supply curve to the left
  8. 12. the efficiency of production of goods or services expressed by some measure
  9. 13. when both suppliers and buyers are happy and satisfied with the price and is equally disputed
  10. 15. an area of the production, distribution and trade, as well as consumption of goods and services
  11. 18. a type of market structure where two or more firms have significant market power
  12. 22. type of resource that workers use to produce the goods and services like machinery, tools and equipment
  13. 25. the cost of borrowing money
  14. 27. the value of a nation's currency in terms of the currency of another nation or economic zone
  15. 29. A request for something
  16. 31. a sum of money demanded by a government for its support or for specific facilities or services