Economics Crossword

2. Refers to the surge in the demand for housing and residential property.
3. Exists when there are many buyers and sellers who are too small to affect price and who offer a homogenous or highly similar good in the market.
7. Shows the different quantities the seller is willing to sell at various prices.
9. Payment for public goods and services by citizens.
13. Is a good which a consumer tends to buy more of when income increases.
14. Refers to the quantity of goods that a seller is willing to offer for sale.
15. Includes all the inhabitants of a particular town, area, or country.
20. Refers to the lowest wage permitted by law below which if paid by employer will subject him to penalty from the government.
22. Is a Filipino who works in a foreign country.
23. Is a person's liking or preference.
24. Is a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee.
25. Is a market where a few sellers account for most of or total production.
26. Refers to the purchasing power of a person's money income. This is the amount of goods and services one can buy with the income.
27. Is where securities of corporations are traded.
28. Is the portion of income earned that is not spent on consumption or taxes.
29. Refers to the competitive environment in which buyers and sellers operate.
30. Are those which are used in place of each other.

1. Is a market where there is a sole producer of a product, for which there are no close substitutes.
4. This measures the responsiveness of demand to a change in the price of the good.
5. Basic factors of production enabling the processing of products towards higher stages.
6. Measures how the quantity demanded changes as consumer income changes.
8. Exists when quantity demanded is equal to quantity supplied.
10. Work for less than 40 hours.
11. Government-provided facilities for public use that society and the economy cannot do without.
12. Is a type of imperfect competition where firms sell differentiated products which are highly substitutable but are not perfect substitutes.
16. Is a change in the entire demand or supply curve, due to a change in a non price determinant of demand or supply.
17. The highest price that the seller can charge for the good being sold, normally set by the government.
18. Is a means of interaction between buyers and sellers for trading or exchange. It is where the consumer buys and the seller sells.
19. Are factors other than price that also can influence the demand for or supply of a good.
21. Payment for the use of land belonging to a landowner.