Across
- 4. The fundamental economic problem of having limited resources to meet unlimited wants.
- 7. The general increase in prices over time.
- 8. A market structure where a single firm dominates the industry.
- 9. A mandatory financial charge imposed by the government on individuals or businesses.
Down
- 1. A period of economic decline characterized by reduced GDP and high unemployment.
- 2. A place or system where buyers and sellers exchange goods and services.
- 3. A government payment to encourage or support a particular economic activity.
- 4. The amount of a good or service that producers are willing and able to sell.
- 5. The willingness and ability of consumers to purchase a good or service.
- 6. The financial gain obtained when revenue exceeds costs.