Economics

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Across
  1. 2. One firm in the industry
  2. 5. Natural resources that are used to produce goods and services
  3. 7. A type of market structure that have several firms in the industry and has strong market power
  4. 8. 80% of a business cost
  5. 9. Also known as personal income tax
  6. 11. Unlimited wants and needs but not enough resources
  7. 12. A point on the business cycle where the GDP is high
  8. 13. Events such as cyclones, droughts and floods
  9. 15. Part of the lorenz diagram that shows the degree of income or wealth quality or inequality
  10. 16. Another word for unlimited
  11. 17. All buildings, equipment and human skills used to produce goods and services
  12. 19. A factor in the AD formula
  13. 21. Every 10% of income distributed
  14. 22. A type of policy that includes interest rates
  15. 24. When prices are generally falling over a period of time
  16. 27. A point on the business cycle where GDP is falling slowly
  17. 28. Another word for limited
  18. 29. Goods or services produced in one country but sold to buyers in another country
  19. 30. A type of policy that includes taxes
  20. 35. Every 20% of income distributed
  21. 36. When consumers and producers are satisfied with the price
  22. 37. A point on the business cycle where GDP is going up slowly
  23. 38. A level of income which people cannot enjoy access to basic needs
  24. 39. A demand factor in which one product can replace another product
Down
  1. 1. Gross domestic product
  2. 2. A type of market structure that have a few firms in the industry
  3. 3. A situation where prices rise very quickly and go out of control
  4. 4. Goods or services bought from sellers in another country
  5. 6. A demand factor that can increase GDP
  6. 10. A level of poverty that is experienced when there is a serious deprivation of basic needs
  7. 14. A supply factor that affects GDP
  8. 18. CPI that excludes volatile items
  9. 20. A number between 0-1 that measures the equality of the distributional income
  10. 23. A supply factor that can affect the cost of production of the business
  11. 25. Refers to a rise in the level of prices for goods and services over a period of time
  12. 26. A type of measure for inflation
  13. 31. When people are willing and able to work but do not have jobs
  14. 32. A point on the business cycle where the GDP of a country is negative
  15. 33. A measure of resource efficiency
  16. 34. Payments received by businesses from selling goods and services