Across
- 2. Thing or object that is commonly accepted as a medium of exchange
- 5. Goods having negative income effect, but positive price effect
- 6. It shows the change in GNP with the change in price levels
- 7. Economist who developed theory of communism
- 9. The difference between export and import of goods
- 12. Father of economic
- 13. First name of the economist who came up with the concept of ‘Invisible Hand’
- 14. Responsiveness of quantity demanded to change in price
- 15. Law having some assumptions
Down
- 1. Market having no direct competitors
- 3. Market situation in which all firms produce differentiated but have close substitutes
- 4. The period from April 1, to March 31
- 8. Revenue always equal to price
- 10. Unilateral payments corresponding to which there is no value addition in the
- 11. Cost per unit
