Economics crossword

9. 1st phase in the business cycle. Where demand decreases
10. people that work to produce goods and services in a busniess
11. using new technology to improve an existing product
13. goods that are used together
15. the desire and the ability to buy a good or service
16. an item that can be seen or touched and is important for survival
19. someone who buys the goods and services
20. 4th phase in the business cycle. When the standard of living rises
22. equipment, building, and money used to produce goods and services
23. goods and services that are made available to consumers
24. providing assistance in return for payment. Helps satisfy the needs and wants for people or businesses
25. someone or a business that creates a product

1. an item that can be seen or touched, but is not important for survival
2. when both the sellers and buyers are satisfied with the price and quantity
3. making money by producing or buying and selling goods and services
4. an item that is not important to life, but provides comfort
5. cannot be perceived or touched
6. a product or service that people no longer use because it is outdated or it has been replace with a newer or improved product
7. natural materials from earth that we use
8. an idea that no one else has heard or seen of
12. an item that is essential to life
14. when businesses rely on other businesses to keep running
16. 3rd phase in the business cycle. When everything slowly increases
17. the amount of goods and services businesses are willing and able to sell at certain prices
18. goods that may be replaced because of changed conditions
21. 2nd phase in the business cycle. When the state of the economy where unemployment rates are increased, incomes are decreased, and the standard of living are decreased