Economics Crosswords -Glynis Lam

3. An interchangeable relationship between price and quantity.
5. In the process creating a product that never existed before.
9. Products that increase in value when the similar products increase in demand.
10. Products necessary for survival.
12. Can also be called Trough/Low Point.
14. There’s a hierarchy of needs,and every level has to be satisfied to attend to higher needs.
17. A price where quantity demanded and quantity supplied are balanced and equal for both consumers and businesses.
20. Something that exists but cannot be touched, they have no physical presence.
21. Something shrinking, in size/amount/degree.
22. Measuring an average change in market prices paid by urban consumers of a selected goods and services.
25. Items and services that are desired but not necessary.
26. Someone’s desire to buy a product or service at any price.
27. Items and services that are essential to survival.
28. _______ are useful or valuable of stock or supplies.

1. Developing new ideas, methods for consumers.
2. To describe something as outdated.
3. Products that are extremely valuable for possession that gives statue or self pride to the customers.
4. People who buy goods and services.
6. A system of goods and services being produced, sold and traded in a country or region.
7. If a business relies on another business for raw materials and relies on another business for manufacturing, it is ___________.
8. The rate of increase in price of goods and services over a period of time.
11. ________ increases in demand, production, employment and more.
13. Physical items for possession or consumption.
15. Products that consumers see that are similar.
16. Someone in a business, organization or industry that creates and manufactures product(s).
18. An organization that has a purpose of making profit, producing goods or providing services.
19. ________ is periodic decline in the economy including decreases in stock market, employment, income, investments and more.
23. Activities provided by business or the government to customers.
24. Something growing, in size/amount/degree.