Across
- 2. total production of goods and services by an economy over a certain time period
- 8. goods that can replace one another
- 10. measures the change of market price of goods and services over time
- 12. things that are not perceived by touch
- 13. period of decrease in economic activity and unemployment rate increases
- 14. an item that is essential for survival, such as food, clothing, or shelter
- 15. a person or company that produces goods
- 18. physical objects that you can see and touch
- 21. an item that makes life more enjoyable and comfortable but is not essential for survival
- 22. methods by which products and services are provided to consumers
- 23. a person who uses goods or services
- 24. when the price of goods and services increase over a period of time
- 25. assistance provided, usually in return for payment, that satisfies need and wants of people or businesses but that does not result in a product that can be touched
- 26. the amount of goods and services people are willing and able to purchase at certain prices
Down
- 1. products and services that are outdated and consumers no longer want
- 3. goods that are used together
- 4. individuals or businesses that buy goods and services
- 5. you are only doing one part of a process
- 6. items that provide a sense of security and protection
- 7. the amount of goods and services that are available to consumers
- 9. when the market supply and the demand meet meaning that the quantity supplied and the quantity demanded are equal
- 11. when the output, income, employment, prices and profit are increased and reach their high point
- 12. businesses that rely on many other businesses in order to keep going
- 16. when the government is the main decision maker on what is produced
- 17. the decision makers are a combination of businesses, consumers, and government
- 19. individuals engaged in the creation of products and services within a workforce
- 20. resources that are drawn from nature including earth, water, and air
