Economics

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Across
  1. 2. What is a basic requirement for survival, including food, clothing, and shelter called?
  2. 5. What is a condition that results from society not having enough resources to produce all the things people would like to have called?
  3. 6. What is the competing products that can be used in place of one another called?
  4. 8. What is the difference between the revenue from sales and the cost of resources involved in producing the sales called?
  5. 9. What is illegal combinations of or companies organized to suppress competition called?
  6. 11. What is a risk-taking individual in search of profits called?
  7. 16. What is the process in which a lender reclaims a property called?
  8. 18. What is the rise in the general level of prices called?
  9. 19. What the study of how people try to satisfy needs and wants through the use of scarce resources called?
  10. 22. What is the term for the highest legal price that can be charged for a product?
  11. 25. What is the practice of charging different customers different prices for the same product called?
Down
  1. 1. What is products that increase the use of other products called?
  2. 3. What is quantity of output in which quantity supplied is equal to the quantity demanded called?
  3. 4. What is a term for work or labor?
  4. 7. What is a legal document that shows ownership of a home called?
  5. 10. What is the amount of a product that would be produced called?
  6. 12. What is a situation in which the quantity supplied is greater than quantity demanded at a given price called?
  7. 13. What is a situation in which quantity demanded is greater than the quantity supplied called?
  8. 14. What is a tangible product called?
  9. 15. What is the term for a monetary value of a product?
  10. 17. What is something we would like to have but is not necessary for survival called?
  11. 20. What is the desire to own something and the ability to pay for it called?
  12. 21. If elasticity of demand for a good at a certain price is greater than one, it is described as?
  13. 23. What is the requirement forcing a business to revel information about its services or products called?
  14. 24. What is the lowest legal price someone can charge called?