Economics (i mainly used terms instead of single words sorry) Selmedin Music

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Across
  1. 6. A market in which a business has exclusive possession or control of the supply or trade in a commodity or service.
  2. 7. This occurs when the level of supply is equal to the level of demand
  3. 9. The income that a person takes home after income tax.
  4. 10. Unemployment that is caused by poor economic conditions (typically during recessions).
  5. 11. Man-made goods that further the production of supply in a company/business.
  6. 13. The tax paid on the purchase of goods and services.
  7. 16. This states that when the price of a product goes down, the quantity demand increases and vice versa.
  8. 17. A showing the level of demand in relation to cost of goods.
  9. 19. Unemployment that is due to the lack of demand for a specific job in any given season.
  10. 23. The means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
  11. 26. The income a person makes after the paying of tax and other necessities (eg. food, clothing, housing, etc.)
  12. 27. Refers to the access of goods and services through factors such as level of employment and the level of disposable income.
Down
  1. 1. This states that when the price of a product goes up, the quantity supply increases with it ans vice versa.
  2. 2. A graph showing the level of supply in relation to the cost of goods.
  3. 3. A market in which elements of a monopoly allow individual producers or consumers to exercise a level of control over market prices.
  4. 4. The level of confidence a person has when buying goods and/or services.
  5. 5. Maximum output of two sets of goods using a fixed amount of input.
  6. 8. Unemployment that is due to a person being in the process of moving from one job to another.
  7. 12. The number of people aged 15 years and over who are employed + the number of people unemployed but actively looking for work.
  8. 14. Unemployment that is mainly due to the industrial reorganization (primarily technological change) of a company/business.
  9. 15. Unemployment that is due to personal issues and/or disabilities that a person has.
  10. 18. Refers to people's quality of living shown in factors like work-life balance, quality of relationships and environmental biodiversity.
  11. 20. A market which is dominated by a small number of large sellers.
  12. 21. Unforeseen natural disasters or natural occurring conditions that impact level of supply.
  13. 22. The number of people unemployed expressed as a percentage of the labour force.
  14. 24. the amount of income a person in the labour force earns on weekly on average.
  15. 25. The worth of a currency in one economy transferred over to another nation's currency.