Economics theory

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Across
  1. 3. An economic system controlled by the government.The ability of a country to produce a good more efficiently than others.
  2. 4. A person who brings resources together to create goods and services.
  3. 8. An economic system where supply and demand regulate the economy.
  4. 9. A sustained increase in the general price level of goods and services.
  5. 10. The total market value of all goods and services produced in a country.
  6. 11. The study of how resources are distributed among society.
  7. 12. The amount of a good consumers are willing to buy at a specific price
  8. 14. The study of individual markets and consumer behavior.
Down
  1. 1. The point where supply equals demand
  2. 2. The ability of a country to produce a good more efficiently than others.
  3. 5. Government-imposed price control above the equilibrium price
  4. 6. The portion of income not spent on consumption
  5. 7. A situation where resources are insufficient to meet all wants.
  6. 8. A market structure with only one seller
  7. 13. The cost of the next best alternative foregone.