Across
- 3. a business cycle contraction when there is a general decline in economic activity.
- 4. As price increases, the quantity sold decreases
- 5. situation of rising prices in the economy
- 7. an increase in the production of goods and services in an economy
- 10. pays the same percentage of their income in taxes
- 15. The willingness and ability to take a risk and act on your business ideas.
- 17. Decrease general of prices
- 18. a measure of how sensitive the quantity demanded of it is to its price.
- 20. monetary value of all finished goods and services made within a country during a specific period.
- 21. It's the act of exchanging one thing for another.
- 24. a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts.
- 25. limited amount of people
Down
- 1. It's the price at which the quantity supplied matches the quantity demanded.
- 2. the major plan for a federal government's estimated future revenues and spending for the coming fiscal year
- 6. repayment of a loan
- 8. traits
- 9. the loss of a chance to do something else by choosing one activity over another.
- 11. the desire and willingness to buy a product.
- 12. Something that not required to survive
- 13. the macroeconomic policy laid down by the central bank.
- 14. tax imposed by one country on goods and services imported from another country
- 16. Something that required to survive
- 19. the value of a security that is set by the company issuing it
- 22. the use of government revenue collection and expenditure to influence a country's economy.
- 23. a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers.