Across
- 4. An overall rise in the price of goods and services.
- 10. An item that can be touched/seen and is a necessity for one’s survival.
- 13. Raw materials that are obtained from the earth, water or air.
- 17. The demand of a product decreases.
- 18. The quantity of goods and services businesses are willing and able to sell at a given price.
- 21. The quantity of goods and services people are willing and able to purchase at a given price.
- 22. People/ businesses that purchase goods or services.
- 24. The law that says people want to purchase less of a product as the price increases.
- 25. An item that can be touched and seen.
- 26. Amount of a product wanted by customers at a specific price.
- 28. A state of the economy where there is high unemployment, declining income, and declining standards of living.
- 29. People/businesses that utilize goods or services.
- 30. Money, building and equipment used towards creating a good or service.
- 31. The entire market value of the products and services generated by an economy during a given time period.
- 32. Items that can be touched/seen and due to changed conditions, may replace one another in usage/consumption.
Down
- 1. The law that says businesses want to sell more of a product as the price increases.
- 2. Assistance that is provided, usually in return for a source of payment, which meets the needs and wants of people/businesses but does not result in a product that is seen/touched.
- 3. System that emphasizes individuals and where consumers and businesses make the decisions.
- 5. Businesses depend on one another to run their own business.
- 6. The theory that a person does not feel the need of a higher level until the needs of the current level has been met.
- 7. Demand for a product increases and production increases as well.
- 8. Means of providing consumers with access to goods and services.
- 9. Items that can be touched/seen and used together.
- 11. An increase in income, output, employment, prices and profit.
- 12. The workforce/ people who work to create a good or service.
- 14. The price where what customers want to buy is equal to the amount businesses want to sell at.
- 15. Items that are essential for survival like food, clothing and shelter.
- 16. System where the decisions are made by a combination of consumers, businesses and government.
- 19. Product/ service that consumers no longer desire due to a variety of reasons like being outdated, outmoded or replaced by another new/improved product.
- 20. System where everything is government owned and the government is given emphasis as the most important decision-maker.
- 23. Items that are not essential for survival but enhance life by adding pleasure/comfort.
- 27. System where decisions are made depending on the past and customs from generation to generation.