Economics

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Across
  1. 4. Country's monetary authority that manages the nation's money supply.
  2. 7. Company operating in several countries.
  3. 8. Non-price related determinant of supply
  4. 9. Taxation system that deducts a lower proportion of income as the income levels rise
  5. 11. The purchasing of goods and services by a country resulting in outflow of money
  6. 12. Economic system that relies on the market forces of demand and supply to allocate resources, with minimal government intervention
  7. 14. Curve on a diagram that shows opportunity cost
  8. 18. Advantage of a market economy
  9. 21. Characteristic of a perfectly competitive market in terms of product quality
  10. 23. Labour unions that recruit professional, administrative and clerical staff and other non-manual workers.
  11. 24. Disadvantage of a sole trader
  12. 26. Payment to an employee in the form of a percentage of the value of products/services sold
  13. 27. Inflation caused by a shift of aggregate demand to the right
  14. 28. The ability and willingness of firms to provide goods and services at given price levels
Down
  1. 1. Characteristic of a monopoly in terms what it's market share/power allows it to become
  2. 2. The external cost of consumption of cars
  3. 3. The name we give to the [X-M] section of aggregate demand
  4. 5. Policy used to improve aggregate demand thus boost GDP in terms of lowering interest rates and increasing monetary supply
  5. 6. The merging of two firms from the same sector of production
  6. 10. Unemployment caused by regular periodical changes in the demand for certain goods or services
  7. 13. Consequence of Inflation regarding fluctuations in price levels and customers spending time to find the best deals
  8. 15. What occurs when import value exeeds export value
  9. 16. Employment scheme regarding firms employing elder people with more experience due to longer life expectancy
  10. 17. Fall in the rate of inflation
  11. 19. Policy used to boost the productivity of the factors of production
  12. 20. Expansionary fiscal policy and supply-side policy
  13. 22. Macroeconomic objective of governments in regard to inflation
  14. 25. Characteristic of Money