Economics of Sports

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Across
  1. 4. - Forbid teams from going above the salary cap
  2. 6. - More of a resource than demanded
  3. 9. - Market diamond and supply balance each other
  4. 12. - Football Union
  5. 13. - Basketball Union
  6. 14. - Allows teams to go above the salary cap, by reducing privileges in free agency
  7. 16. - An agreement or rule that places a limit on the amount of money that a team can spend on players salaries
  8. 17. - Collective refusal by employees to work under certain conditions
  9. 20. - A player who can sign an offer sheet with any team, but that offer can also be matched by the former team
  10. 22. - Baseball Union
  11. 24. - Goods or services that restrict some people from using them
  12. 25. - A tax on goods considered expensive
  13. 27. - An agreement between two or more nations to allow goods, services, money and workers to move over borders freely
  14. 28. - A player who is eligible to sign with other clubs or franchises
  15. 29. - Every single person can access a certain public good and consume it
Down
  1. 1. - A player who is free to sign with any team
  2. 2. - An increase in the level of economic activity
  3. 3. - When demand is higher than the supply
  4. 5. - Resources are limited
  5. 7. - The amount of product
  6. 8. - Negotiation of wages and employment benefits
  7. 10. - A work stoppage initiated by management of a company during a labor dispute
  8. 11. - A player selected as a unrestricted free agent, guaranteeing another year under contract if conditions aren't met
  9. 15. - An employment agreement
  10. 18. - Raw materials/supplies
  11. 19. - A contract for a restricted free agent by a team other than the one previously played for
  12. 21. - Hockey Union
  13. 23. - A consumers desire
  14. 26. - Management of the resources, finances, income, and expenditure of a community, business enterprise