Across
- 4. An area of study that looks at the composition of the population and where those people live
- 7. A period of very low rates of growth in production and relatively high rates of unemployment
- 8. An industry where a few firms tend to dominate the industry in terms of market share and volumes sold and there is limited competition
- 14. A process whereby jobs are relocated overseas
- 16. Mental and physical effort exerted by humans in the production process
- 17. The buying and selling of goods and services via the internet
- 18. See goods and services tax
- 19. A good or service that tends to be consumed with another good or service
- 20. A good or service that is needed by consumers
- 21. When borrowers fail to promptly pay interest on a loan or the principal on a loan when it falls due
- 22. Acronym for the Non-Accelerating Inflation Rate of Unemployment
- 28. Developing better processes for goods and services
- 29. The responsiveness of demand or supply to a change in a variable such as price
Down
- 1. / Economic agents who are involved in the production process via the provision of goods or services
- 2. The deprivation of food shelter money and clothing that occurs when people cannot satisfy their basic need
- 3. An industry or market that is dominated by one seller of a product and the product does not have a close substitute
- 5. An entity that provides a good or service for sale with the objective of making a profit
- 6. Private or market income in addition to the direct cash benefits received from governments
- 9. A good or service that is not a necessity and whose demand tends to increase as income increases to high levels
- 10. The addictive pursuit of more and more goods and services
- 11. A period of very high rates of growth in production that is likely to be unsustainable
- 12. Raw materials such as minerals and agricultural products
- 13. Any place that allows buyers and sellers to interact and exchange goods and services
- 15. The basic facilities services and structures of society
- 18. Physical items of value that are traded in markets
- 23. Paid non-personal communication used to persuade consumers to buy products
- 24. All those people aged 15 and over who are willing and able to work
- 25. Where consumers regularly purchase certain types or brands of goods or services using little or no cognitive effort
- 26. Goods and services purchased by Australias that are made overseas
- 27. A place where scarce resources are allocated among competing uses and goods/services are bought and sold