Across
- 2. The people or businesses that actually purchase the goods
- 4. Raw materials that we get from the earth, water, and air
- 5. A person who uses goods or services
- 9. An economic system that tends to follow the same evolutionary course
- 10. A downward trend in the business cycle where there is a decline in production and employment
- 11. Where quantity supplied and quantity demanded are equal
- 16. People that work to produce goods & services in a business
- 18. The level of Maslow’s Hierarchy of Needs that refers to self-respect
- 20. Something that is __________ cannot be perceived by touch
- 22. The amount of goods and services businesses are willing and able to sell at certain prices
- 23. Goods that are used together
- 25. A product or service that consumers no longer want
- 26. An economic system that focuses on common good over profits
Down
- 1. Changes that occur to the real GDP because of alternating periods of expansion and contraction
- 3. An individual or business that makes a product
- 6. Goods that can be used to replace each other
- 7. The first level of Maslow’s Hierarchy of Needs
- 8. Items necessary for survival
- 12. The people or businesses that actually purchase the goods
- 13. The stage in the business cycle when the economy reaches its maximum productive output
- 14. People that work to produce goods & services in a business
- 15. The amount of goods and services people are willing and able to buy at certain prices
- 17. Dry cleaning is a _______
- 19. An economic system where there are more products in the market, creating a wider variety for consumers to choose from
- 21. A major downturn in the business cycle characterized by sharp and sustained declines in economic activity
- 24. The value of a particular currency decreases over time with _________