Across
- 2. financial gain made in a transaction
- 4. the point of balance between price and quantity
- 6. the effort that a person devotes to a task for which that person is paid
- 7. any human-made resource that is used to produce other goods and services
- 10. all other things held constant
- 12. businesses that specialize in trading stocks
- 16. consumers decide what gets produced
- 17. one's own personal gain
- 19. to sell state-owned firms to individuals
- 20. the additional cost of producing one more unit of output
- 21. combination of two or more companies into a single firm
- 22. sudden shortage of a good
- 23. physical objects such as shoes or shirts
- 24. tax on the production or sale of a good
Down
- 1. a product that is the same no matter who produces it
- 3. claims on property or income, securities
- 5. high-yield securities, are lower-rated, and potentially higher-paying
- 8. any factor that makes it difficult for a new firm to enter a market
- 9. something necessary for survival
- 11. costs of production such as air and water pollution
- 13. price ceiling placed on rents
- 14. an investment report
- 15. increase in income causes demand for these goods to fall
- 18. the right to sell a good or service within an exclusive market