Economics

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Across
  1. 3. - The study of the behavior of individual consumers and firms in making decisions regarding the allocation of resources.
  2. 5. - The satisfaction or benefit derived from consuming a good or service.
  3. 6. - A situation in which the quantity supplied of a good exceeds the quantity demanded at the current price.
  4. 9. - A market structure where a single company or entity controls the entire market for a product or service.
  5. 10. Policy - The use of government spending and taxation to influence the economy.
  6. 11. - A decrease in the general price level of goods and services, the opposite of inflation.
  7. 13. - The total amount of a product or service available for purchase in a market.
  8. 14. Cost - The cost added by producing one additional unit of a product or service.
  9. 15. - Economic policies aimed at reducing government deficits through spending cuts and tax increases.
  10. 17. - The branch of economics that studies the behavior and performance of an economy as a whole.
  11. 19. - The exchange of goods, services, or capital between entities or countries, typically for mutual benefit.
  12. 21. Rate - The value of one currency in terms of another currency.
  13. 23. Cost - The loss of potential gain from other alternatives when one alternative is chosen.
  14. 25. - The desire and ability of consumers to purchase goods or services at given prices.
  15. 27. - A period of temporary economic decline typically identified by a fall in GDP for two successive quarters.
  16. 29. - A fundamental economic problem where unlimited human wants exceed the limited resources available.
Down
  1. 1. Policy - The process by which a central bank controls the supply of money, often targeting an inflation rate to ensure stability and growth.
  2. 2. - Financial assistance granted by the government to support a business, reduce the cost of goods, or encourage economic activity.
  3. 4. Rate - The percentage of a loan or investment charged by the lender to the borrower.
  4. 6. - An economic system where the means of production, distribution, and exchange are owned or regulated by the community as a whole.
  5. 7. - The state of being without a job despite actively seeking work.
  6. 8. - A tax imposed on imported goods and services.
  7. 12. - The rate at which the general level of prices for goods and services rises, eroding purchasing power.
  8. 16. - An economic theory advocating minimal government intervention in the economy.
  9. 18. Equilibrium - The state where the supply of goods matches demand, leading to stable prices.
  10. 20. - The unintended side effects (positive or negative) of an economic activity that affect third parties.
  11. 22. - An economic system where trade and industry are controlled by private owners for profit rather than by the state.
  12. 24. - Short for "Gross Domestic Product," the total value of goods and services produced within a country in a specific period.
  13. 26. - The amount by which a government's spending exceeds its revenue.
  14. 28. - The payment for labor or services, typically calculated on an hourly, daily, or piecework basis.