Economics and personal finances Unit 1 Vocab

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Across
  1. 3. A picture showing how money, goods, and services increase the economy
  2. 4. A financial gain
  3. 6. Government actions aimed at boosting economic activity, from money the government has taken through taxes
  4. 9. When something isn't able to meet demands, and there are insufficient amounts of it.
  5. 11. A person who purchases goods and services
  6. 12. The inputs needed to produce goods and services
  7. 13. Anything that persuades people to alter their behaviour or actions
  8. 15. The consumers desire to buy a good or service
  9. 18. The part of economics concerned with factors like GDP, inflation, and unemployment
  10. 19. Letting things take their course without any interference
  11. 21. Relating to money
  12. 22. The shortage of something
  13. 23. Highest point in a business cycle, indicating the end of an expansion
  14. 26. People who are seeking employment but are without a job
  15. 27. A resource that a person or place provides to meet consumer requirements
  16. 28. Economic system where a central authority makes production and allocation decisions
  17. 29. Limited competition due to a small number of Producers/Sellers
  18. 30. When producers sell similar products to the same consumers
Down
  1. 1. The amount of something left over after the requirement has been met.
  2. 2. Economic system based on customs, traditions, and barter rather than currency
  3. 5. The decline in economic activity, usually measured by negative GDP growth
  4. 7. The cost of borrowing money or the return on savings, usually presented as a percentage
  5. 8. The part of Economics that is concerned with single factors, and people's decisions
  6. 10. When there is an increase in economic activity and growth
  7. 14. The general increase in prices of goods and services over time
  8. 16. Economic system combining elements of market and command economies.
  9. 17. Economic activity between periods of growth and contraction
  10. 20. The loss of potential when a different opportunity is taken
  11. 21. Economic system where resources are allocated by individual choices in competitive markets
  12. 24. The concept of giving up one thing to gain another due to limited resources.
  13. 25. The control of an entire supply
  14. 31. A low point in a business cycle, marking the end of a contraction