Across
- 1. Shows how many units producers would be willing to offer for sale at different prices (6)
- 3. A decrease in the price leads to a rise in this (6)
- 8. Income tax is an example of this type of tax, where rates increase with higher income (11)
- 10. The desire to make money, often the main business goal (6,6)
- 15. Meaning of GDP (5,8,7)
- 18. A type of tax that takes a larger percentage from lower-income individuals (10)
- 19. What you pay for borrowing money, and what banks pay you for saving money (8)
Down
- 2. If this value rises, it makes domestic goods more expensive abroad (5)
- 4. A drop in this can lead to lower demand for imports and higher demand for domestic goods (8,4)
- 5. Effect that causes consumers to switch to cheaper alternatives (12)
- 6. Money charged by lenders, influenced by the base interest rate (8)
- 7. Central bank that sets the base interest rate in the UK (4,2,7)
- 9. The economic growth of a country (3)
- 11. When demand rises as a result of a decrease in price (9)
- 12. When demand falls as a result of an increase in price (11)
- 13. A type of tax that is collected from consumers through intermediaries (8)
- 14. The body responsible for collecting taxes in the UK (4)
- 15. The process of countries becoming more interconnected (13)
- 16. Financial tool used by governments to influence employment and inflation (5)
- 17. A government-imposed fee on imported goods (6)