Economics

2. the withdrawal of income from the flow, such as savings, taxation and imports.
4. cost a price that can be directly tied to the production of specific goods or services.
5. the introduction of income into the flow, such as additions to investment, government expenditure and exports.
7. economic capital is investment in machinery and equipment
8. measure of the market value of all the final goods and services.
9. cost often involves a trade-off
10. Occurs when the economy reaches its maximum productive output, signaling the end of the expansion
12. the amount of an asset or resource that exceeds the portion that's actively utilized.
14. the increase in prices of goods and services, and the rate of change of those prices.

1. refers to changes in the general level of economic activity.
3. the ability to initiate the production process by organising and combining all of the necessary factors of production.
6. An upward trend in the business cycle, characterized by an increase in production and employment.
11. households demand fewer goods and services, businesses reduce the number of workers they employ and growth in wages and prices slows
13. any human service