Across
- 4. the factors that are needed in order for something to be produced
- 7. branch of economics concerned with the individual factors of an economy
- 10. people fall in this category if they do not have a job
- 11. someone who buys or uses up goods
- 14. the sector of economics that is concerned with the large-scale factors of a market
- 15. a products value in terms of money
- 16. an economy without government intervention
- 20. a market in which there is no government interference
- 21. an economy in which children are expected to have the same occupation as their parents
- 22. the amount of money someone charges a borrower
- 23. when the demand of a product is higher than the supplies; scarcity
- 25. the amount of a specific good that has already been produced
- 27. a situation in which a company doesn't have any competitors
Down
- 1. the use of tax dollars to manipulate the economy in a specific direction
- 2. the study of unlimited wants with limited resources
- 3. what's given up when someone chooses the next best alternative
- 5. alternatives when the best choice is unavailable
- 6. the cycle in which economy expands, peaks, falls into a recession. The economy then falls into a recession before it hits the trough where it expands again
- 8. the battle between companies for customer's business
- 9. an economy where some government intervention exists
- 11. an economy where the government controls the economy
- 12. the consumer's desire to buy a specific product
- 13. government spending meant to influence the economy
- 17. a market in which few competitors exist
- 18. motivation for people to make certain choices
- 19. the increase of prices of things over time
- 24. when supplies exceeds demand
- 26. the positive return an individual gets when making a trade