Across
- 5. Steady increase in employment, demand, income and investments; improving economic situation
- 8. Additional percentage rate at which it costs to borrow money
- 11. Severe reduction in demand, income and investments; overwhelming levels of unemployment
- 14. Economic system in which businesses respond to consumer desires; private ownership may exist
- 16. Needs; need to make one feel included; part of a community
- 18. Goods used less as income increases
- 19. Needs; need to give confidence and a sense of security
- 24. System in which customs are passed through time
- 25. Goods used together; Goods often purchased by consumers at the same time
- 26. An assembly line; where each party works exclusively on the component assigned to them; what they are good at
Down
- 1. Increase in prices, decrease in purchasing power of money
- 2. Whom something originates from; goods made or grown; services provided
- 3. needs; Must haves for survival
- 4. Desire to purchase goods and services at a certain price
- 6. Goods that can replace one another
- 7. A web; the reliance between various organizations and businesses
- 9. The price that supply is equal to demand
- 10. Decrease in demand, income and investments; increase in unemployment
- 12. Time with increase in standard of living, investments, and optimal general state of economy
- 13. User; person who utilizes a good or service
- 15. An asset acquired in order to gain value over time
- 17. Economic system in which government controls nearly every aspect of the economy
- 20. Needs; needs that make one feel better about oneself
- 21. Amount of goods and/or services in a market available to consumers
- 22. Initialism; monetary value of goods and services and total economic activity in a specific area, over a specific time period
- 23. Something of value; often in the form of equipment to produce goods efficiently