ECONOMICS

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Across
  1. 1. is the medium of exchange in most modern economies
  2. 6. the collection of firms involved in making a similar range of items that usually compete with each other such as the financial services industry or the car industry
  3. 7. The quantity of a particular good or service that consumers are willing and able to purchase at various price levels
  4. 8. remove money from the circular flow of income
  5. 13. the integration between different countries and economies and the increased impact of international influences on all aspects of life and economic activity
  6. 14. are good or services that are produced domestically and purchased overseas
  7. 15. The natural resource used to produce goods and services
  8. 16. The return factor of production enterprise for its role in the production of goods and services
  9. 17. money spent to help increase the economy
  10. 18. when supply and demand are equal
  11. 19. occurs when an organisation pays another business to perform a function that it does not regard as a core part of its business focus
Down
  1. 2. a market structure consisting of a few large firms producing slightly different products
  2. 3. is the case with each financial asset can be transformed into cash so it can be used as a medium of exchange
  3. 4. the amount of money or other benefits measured in money terms that flows to individuals or households usually for their contribution to the production process or as a direct payment from the government over a period of time
  4. 5. a single business dominating the industry
  5. 7. are the profit returns received by the share holders of a business
  6. 8. a human effort both physical and mental used to produce goods and services
  7. 9. are costs and benefits that private agents in a market do not consider in their decision-making process
  8. 10. the process whereby unemployment in the current period results in the persistence of unemployment in future periods as unemployed people can lose their skills job contracts and motivation to work
  9. 11. the sustained increase in the general level of prices over a period of time usually one year
  10. 12. occurs when the government sells public trading enterprises to the private sector