Across
- 3. A general increase in prices and fall in the purchasing value of money
- 5. The amount of money that households have available for spending and saving
- 7. A prolonged period of declining economic activity
- 8. The cost of the next best alternative foregone
Down
- 1. A market structure with many competitors selling similar products
- 2. An economic system where the means of production are privately owned and operated for profit
- 4. The total value of goods and services produced in a country in a year
- 6. the study of how individuals and societies use limited resources