1. 3. a person who organizes and manages any enterprise especially a business usually with considerable initiative and risk
  2. 5. a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
  3. 7. of trade: the difference in value over a period of time between a country's imports and exports of goods and services, usually expressed in the unit of currency of a particular country or economic union
  4. 10. economics: refers to the school of thought of economics that originated in the late 18th and early 19th centuries, especially in Britain.
  5. 14. a branch of economics which deals with the performance, structure, behavior, and decision-making of an economy as a whole.
  6. 16. a service or other asset used to produce goods and services that meet human needs and wants
  7. 17. anything that helps us produce things faster, better or cheaper.
  8. 20. the demand for a good or service is greater than the availability of the good or service
  9. 21. deficit: the amount by which the cost of a country's imports exceeds the value of its exports
  10. 22. refers to the policy of protecting domestic industries against foreign competition through tariffs, import quotas and subsidies, or other restrictions placed on the imports of foreign competitors.
  11. 24. a measure of the rate of rising prices of goods and services in an economy.
  1. 1. people who are jobless, actively seeking work, and available to take a job
  2. 2. the consumer's desire and willingness to buy a product or service at a given period or over time.
  3. 4. an asset acquired or invested in to build wealth and save money from the hard earned income or appreciation.
  4. 6. of payments: the difference between all money flowing into the country in a particular period of time and the outflow of money to the rest of the world.
  5. 8. the ability of a consumer or producer to decide which good, service or resource to purchase or provide from a range of possible options
  6. 9. items that add some kind of benefit to the lives of the people who consume them
  7. 11. the total amount of a given product or service a supplier offers to consumers at a given period and a given price level.
  8. 12. an intangible commodity
  9. 13. the amount of money that a buyer gives to a seller in exchange for a good or a service.
  10. 15. belief in the benefits of profitable trading; commercialism.
  11. 18. growth: the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year.
  12. 19. the amount of physical, mental, and social effort used to produce goods and services in an economy
  13. 23. surplus: the amount by which the value of a country's exports exceeds the cost of its imports.