economics vocab

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Across
  1. 4. income, especially when of a company or organization and of a substantial nature.
  2. 6. the process of concentrating on and becoming expert in a particular subject or skill.
  3. 8. means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.
  4. 9. the gap between limited resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible
  5. 11. a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities.
  6. 12. the state of being a partner or partners.
  7. 15. a state of limited competition, in which a market is shared by a small number of producers or sellers.
  8. 16. the exclusive possession or control of the supply of or trade in a commodity or service.
  9. 18. the right to the possession, use, or disposal of something; ownership.
  10. 20. the state or quality of producing something, especially crops.
  11. 21. a stock or supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively.
  12. 22. a person who is the exclusive owner of a business, entitled to keep all profits after tax has been paid but liable for all losses
  13. 24. a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
  14. 25. the state of being unemployed.
Down
  1. 1. a system of money in general use in a particular country.
  2. 2. a cycle or series of cycles of economic expansion and contraction.
  3. 3. relating to government revenue, especially taxes.
  4. 5. the activity of setting up a business or businesses, taking on financial risks in the hope of profit.
  5. 7. the action of spending funds.
  6. 10. the action of inflating something or the condition of being inflated.
  7. 13. the amount of a good or service offered for sale
  8. 14. the minimum interest rate set by the Federal Reserve for lending to other banks.
  9. 17. the loss of potential gain from other alternatives when one alternative is chosen.
  10. 19. exchange (goods or services) for other goods or services without using money.
  11. 23. the desire of purchasers, consumers, clients, employers, etc., for a particular commodity, service, or other item.