Across
- 3. A measure of how much quantity demanded of a good or service changes in response to a price change of the same good or service.
- 6. When a country produces more goods and services in one period than in a previous one. It is usually measured by changes in the real GDP.
- 8. Relating to people’s quality of life, with material, relational and subjective dimensions.
- 9. development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
- 10. A person or an organisation that buys goods or services in a market.
Down
- 1. negative economic growth occurring over two or more quarters.
- 2. a primary good, and is an important input to production
- 4. behaviour of a consumer or producer that seeks to maximise utility or profit, respectively
- 5. The status of people who are in the workforce, actively seeking employment, but unable to find it.
- 7. arises when government expenditure is greater than tax revenue.