Economics Crossword

4. - A good or service that customers no longer desire because it has been suspended by a new/better one or no longer relevant
6. - Condition of the economy where unemployment rates are high and standards of living and income declines
7. Cycle - Alternating periods of expansion and contraction leading to changes in the real GDP
10. Goods - Something that is visible and touchable but unnecessary
11. - Enhancing the production and distribution of current items by using new materials and technologies
14. - People who use a product or service
15. - The quantity of goods and services that people can and will purchase at a specific price
17. Resources - Method by which consumers can access goods and services
19. Goods - A product that can be seen or touched and is vital for surviving
22. - To develop an original concept, idea, or creation that no one has ever seen or heard of
23. Resources - Money, buildings, and equipment utilised in the production of goods and services

1. - Items that enhance comfort but is not necessary for survival
2. - Producing/selling goods or services to meet consumer expectations, wants, and needs to earn profit
3. - Something that is visible or touchable
5. - An object required for survival
8. - General rising costs for goods and services throughout a certain period of time
9. Resources - Employees that work for a company to create goods or services
11. - Cannot be felt with the naked eye
12. - The quantity of goods and services that companies can and will sell at specific pricing
13. - A person or company that produces goods
14. Goods - Products that are used at the same time
16. Goods - The consumption of most goods rises as people’s incomes rise
18. Goods - Goods that consumers use less of as their income rises
20. Goods - Products that, due to altered circumstances, can be used (or consumed) in place of another
21. Resources - Raw materials from the earth, water, air