Across
- 3. The point at which the quantity of a good or service supplied equals the quantity demanded, leading to a stable price.
- 4. Financial assistance given by the government to support a specific industry or reduce the cost of a product.
- 5. The situation where people who are able and willing to work cannot find a job.
- 6. The value of the next best alternative that you give up when you make a choice.
- 7. The practice of spreading investments or business activities across different areas to reduce risk.
- 10. A measure that examines the average change in prices over time that consumers pay for a basket of goods and services.
- 12. The act of putting money into something, such as stocks, property, or a business, with the hope of earning more money in the future.
- 14. The use of government spending and taxation to influence the economy.
- 18. National Product The total value of all goods and services produced by a country’s residents, including those abroad, in a given period.
- 20. Growth: The increase in a country’s production of goods and services over time, typically measured by GDP.
- 21. A situation where a country imports more goods and services than it exports, leading to more money flowing out than coming in.
- 22. Actions taken by a country’s central bank to control the money supply and interest rates in the economy.
- 25. The total income a business earns from selling its goods or services before any expenses are subtracted.
- 26. The total amount of a good or service that is available for people to buy.
- 27. The value of ownership in an asset or company, often referring to fairness in the distribution of wealth and resources.
- 28. A measure of how much the demand or supply of a good changes when its price changes.
- 29. A plan for how much money will be spent and earned over a certain period, usually created by individuals, businesses, or governments.
- 30. A tax placed on imported goods, making them more expensive, to protect domestic industries or generate revenue.
Down
- 1. A place or system where buyers and sellers come together to exchange goods, services, or resources.
- 2. The total value of all goods and services produced within a country in a given period, usually a year.
- 8. A decrease in the general price level of goods and services, which can increase the value of money.
- 9. How easily an asset can be converted into cash without losing value.
- 11. The desire and ability of people to purchase a good or service at a certain price.
- 13. The general increase in prices over time, meaning that money loses value because it buys less.
- 15. The percentage charged on a loan or paid on savings, which represents the cost of borrowing money.
- 16. The money a business has left after subtracting all its costs from its total revenue.
- 17. A market situation where a single company or group controls all or nearly all of the supply of a product or service.
- 19. The situation in which there are limited resources to meet unlimited wants and needs.
- 23. Money or assets that are used to start or grow a business, such as buildings, machinery, or cash.
- 24. The process of giving up one thing in order to gain something else, often seen in decision-making.