Economics

1. The amount of goods and services that are available or the amount of goods that producers are willing to offer for sale
3. When the average price of goods increases
4. The study of the production and consumption of goods
8. This ideology is based on economic equality
10. The reliance of consumers, workers, businesses and governments on each other
11. The activity of buying, selling or exchanging goods and/or services between people and/or countries
12. This is caused by unlimited wants and limited resources
13. If the supply of a product increases then the price goes ______

2. A measure of the amount of goods and services produced with a given amount of resources in a specific period of time
5. Exclusive control of a business or industry
6. This principle of a free market economy helps to ensure lower prices and higher quality products
7. An argument against socialism is that there is no __________ to work hard
9. Changing or creating more effective processes, products or ideas