Across
- 3. a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
- 4. the production of goods that will be used to produce other goods.
- 8. Things that are inputs to production of goods and services.
- 11. services are tasks performed for the benefit of the recipients
- 12. the difference between all money flowing into the country in a particular period of time and the outflow of money to the rest of the world.
- 13. belief in the benefits of profitable trading; commercialism.
- 15. anything that helps us produce things faster, better or cheaper.
- 16. the part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.
- 17. Demand refers to the consumer's desire and willingness to buy a product or service at a given period or over time.
- 18. the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year.
- 19. refers to the school of thought of economics that originated in the late 18th and early 19th centuries, especially in Britain.
- 22. the amount of physical, mental, and social effort used to produce goods and services in an economy.
- 23. the amount by which the cost of a country's imports exceeds the value of its exports
Down
- 1. the ability of a consumer or producer to decide which good, service or resource to purchase or provide from a range of possible options.
- 2. the amount by which the value of a country's exports exceeds the cost of its imports.
- 5. the difference in value between a country's imports and exports.
- 6. when someone is able to work and wants to work but is unable to find employment.
- 7. Goods are tangible items sold to customers
- 9. the total amount of a given product or service a supplier offers to consumers at a given period and a given price level.
- 10. refers to the policy of protecting domestic industries against foreign competition through tariffs, import quotas and subsidies, or other restrictions placed on the imports of foreign competitors.
- 14. it means that the demand for a good or service is greater than the availability of the good or service.
- 16. a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
- 20. an increase in the general price level of goods and services in an economy.
- 21. the amount of money that a buyer gives to a seller in exchange for a good or a service.