Across
- 3. A situation where one firm dominates the market.
- 4. The advantages large firms gain as they increase in size.
- 5. A sustained increase in the average price level of goods and services over time.
- 6. Goods that can replace one another in consumption.
- 9. The total value of goods and services produced in a country in one year.
- 11. Actions taken by workers or trade unions to improve pay and conditions.
- 12. When workers stop working to protest against employers.
- 14. Businesses that use resources to produce goods and services.
- 16. The quantity of a product that consumers are willing and able to buy at different prices.
- 17. Growth in an economy's productive capacity.
- 18. Additional pay received for working beyond normal working hours.
- 19. The payment received by workers for the labour they provide.
Down
- 1. The term used to describe the extra money workers receive for meeting targets.
- 2. The state of rivalry between firms in a market.
- 7. The quantity of a product that producers are willing and able to sell at different prices.
- 8. Obstacles that make it difficult for new firms to enter a market.
- 10. Problems that arise when a business becomes too large.
- 13. An organisation that represents workers and aims to improve their wages and working conditions.
- 15. Economies gained through advertising and marketing on a large scale.
- 17. The amount consumers must pay to buy a product.
