Across
- 1. This states that when the price of a product goes up, the quantity supply increases with it ans vice versa.
- 3. A graph showing the level of supply in relation to the cost of goods.
- 6. Unemployment that is due to a person being in the process of moving from one job to another.
- 7. The income that a person takes home after income tax.
- 9. Unemployment that is due to personal issues and/or disabilities that a person has.
- 12. Refers to people's quality of living shown in factors like work-life balance, quality of relationships and environmental biodiversity.
- 17. Maximum output of two sets of goods using a fixed amount of input.
- 19. Unemployment that is mainly due to the industrial reorganization (primarily technological change) of a company/business.
- 24. The number of people unemployed expressed as a percentage of the labour force.
- 26. the amount of income a person in the labour force earns on weekly on average.
- 28. The worth of a currency in one economy transferred over to another nation's currency.
- 29. A market which is dominated by a small number of large sellers.
- 30. Unforeseen natural disasters or natural occurring conditions that impact level of supply.
- 31. A person who is employed but is getting minimal hours of work per week.
- 32. Unemployment that is caused by poor economic conditions (typically during recessions).
Down
- 2. The means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
- 4. The percentage of people in the working-age population that are in the labour force.
- 5. Unemployment that is due to the lack of demand for a specific job in any given season.
- 8. Man-made goods that further the production of supply in a company/business.
- 10. A market in which elements of a monopoly allow individual producers or consumers to exercise a level of control over market prices.
- 11. This states that when the price of a product goes down, the quantity demand increases and vice versa.
- 13. The income a person makes after the paying of tax and other necessities (eg. food, clothing, housing, etc.)
- 14. Refers to the access of goods and services through factors such as level of employment and the level of disposable income.
- 15. Unemployment that is due to a person's on personal choice of being unemployed.
- 16. The tax paid on the purchase of goods and services.
- 18. A showing the level of demand in relation to cost of goods.
- 20. This occurs when the level of supply is equal to the level of demand
- 21. The level of confidence a person has when buying goods and/or services.
- 22. Unemployment that is not present in official unemployment statistics.
- 23. This occurs when all those who are willing and able to work have a job, with no cyclical unemployment.
- 25. A market in which a business has exclusive possession or control of the supply or trade in a commodity or service.
- 27. The number of people aged 15 years and over who are employed + the number of people unemployed but actively looking for work.