Economics

1. the restructuring or transformation of a state-owned asset or organization into a corporation
5. a public good is a good that is both non-excludable and non-rivalrous
10. a market where many companies offer competing products or services that are similar, but not exactly the same
14. productivity possibility frontier
16. type of tax where it increases as your income increases
17. a situation where a person actively searches for employment but is unable to find work
19. downward slope of the business cycle
20. the process by which a piece of property or business goes from being owned by the government to being privately owned

2. sum of government spending (G), exports (X), and investments (I)
3. upward trend in the business cycle
4. policy referring to government spending
6. an organisation of workers or employees who have joined together to achieve common goals
7. measure of the distribution of income across a population
8. gross domestic product
9. policy that refers to the use tax policies to influence economic conditions
11. a market characterised by a small number of firms
12. type of tax where tax decreases proportionally to an increase in income
13. structure where a single seller assumes a dominant position in an industry
15. sum of savings (S), taxation (T), imports (M)
18. situation of those who are employed but would like to work additional hours