Across
- 3. The income that a person takes home after income tax.
- 6. The tax paid on the purchase of goods and services.
- 7. A market in which a business has exclusive possession or control of the supply or trade in a commodity or service.
- 8. A showing the level of demand in relation to cost of goods.
- 10. Refers to people's quality of living shown in factors like work-life balance, quality of relationships and environmental biodiversity.
- 13. Unforeseen natural disasters or natural occurring conditions that impact level of supply.
- 15. the amount of income a person in the labour force earns on weekly on average.
- 16. Maximum output of two sets of goods using a fixed amount of input.
- 17. A market which is dominated by a small number of large sellers.
- 18. This occurs when the level of supply is equal to the level of demand
- 19. This states that when the price of a product goes down, the quantity demand increases and vice versa.
- 20. The income a person makes after the paying of tax and other necessities (eg. food, clothing, housing, etc.)
Down
- 1. A market in which elements of a monopoly allow individual producers or consumers to exercise a level of control over market prices.
- 2. The worth of a currency in one economy transferred over to another nation's currency.
- 4. A graph showing the level of supply in relation to the cost of goods.
- 5. The means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
- 9. The level of confidence a person has when buying goods and/or services.
- 11. Man-made goods that further the production of supply in a company/business.
- 12. Refers to the access of goods and services through factors such as level of employment and the level of disposable income.
- 14. This states that when the price of a product goes up, the quantity supply increases with it ans vice versa.