Economics Vocab

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Across
  1. 3. All available labor resources are being used in the most efficient way possible
  2. 5. A fixed list of items, in given proportions
  3. 6. Inefficient distribution of goods and services in the free market
  4. 8. A series of cycles of economic expansion and contraction
Down
  1. 1. Knowledge, skills, and health, people invest in
  2. 2. The governing body of a nation, state, or community
  3. 4. A general increase in prices and fall in the purchasing value of money
  4. 7. A period of temporary economic decline during which trade and industrial activity are reduced