Across
- 1. The amount of goods and services business are willing and able to sell at certain prices
- 4. Is a process of creating goods and services in high quantities, involving a lot of machinery, and factories. It is mainly involved with mining and manufacturing. What type of production is this?
- 7. Todd and Snott farm and fish for their food. Additionally, they trade ressources instead of using currency and for them their traditions are more important than money. What type of economic system is this?
- 8. When business rely on each other in order to keep on succeeding
- 9. An item that is necessary for survival such as food, water, shelter, clothes
- 13. This mesures how consumers feel or think about the economy
- 15. You are buying bubble tea (a good) and drinking it. What are you?
- 16. Ricky calculates the financial gain his company makes after subtracting all expenses from its revenue. What is this financial gain considered?
- 18. rates Jamal needs a car. He decides to borrow money from the bank. After paying for the car, he owes more money to the bank than the actual price of the car. What is the extra money that Jamal needs to pay the bank called?
- 20. An individual has total and complete control over their business without interference from external factors. What is this called?
- 21. This state of the economy represents the highest point of growth, where the standard of living is at its best
- 22. This Is used to measure the changes in prices of goods and services purchased by an average suburban family. (The word is an acronym)
- 24. system An economic system where some business and ressources are privatley owned, while others are owned by the gouvernement.
- 25. This state of economy causes the stock market to crash
- 28. Goods that can be used to replace one another that satisfy the same set of goals
Down
- 2. Is a mesure of how many goods and services you can buy with a given amount of money/unit of currency. It is normally influenced by inflation. What is it?
- 3. A good that goes well with or/and completes another. Ex: A sausage and a bun.
- 5. Someone who makes, grows, supplies, or provides a good or service
- 6. An item that is not necessary for survival, but it’s purpose is to serve one’s pleasure and comfort
- 10. A severe state of economy that causes a fall in income and raise in unemployment
- 11. The amount of goods and services people are willing and able to buy at certain prices
- 12. Goods that people use less of as their income increases
- 14. What is it called when the supply and demand curve meet? Hint: This is the point where both sellers and buyers are happy with the price and quantity of a good or service.
- 17. Funds used by companies to buy assets, improve operations, or expand their business with the goal of generating future profits and growth.
- 19. This state of economy demonstrates steady rise in output, input, employment, prices, and profits
- 23. Lebron purchases a large truck in order to start his delivery business. What kind of asset is this?
- 26. An engineer demonstrates a profound focus and knowledge on desinging roofs (a specific task) and is very skilled at it. What is this called?
- 27. system An economic system where decisions are influenced by supply and demand