Across
- 4. A tax imposed by a government on imported or exported goods.
- 5. The percentage charged on a loan or paid on savings. It is the cost of borrowing money or the reward for saving money.
- 6. An individual who starts and operates a business, taking on financial risks in the hope of profit.
- 7. (GDP) The total value of all goods and services produced in a country over a specific period, usually annually.
- 10. The system of production, consumption, and distribution of goods and services in a particular geographic region.
- 12. Supply refers to the amount of a product available, while demand refers to how much people want that product. Together, they determine the price in the market.
- 13. The rate at which the general level of prices for goods and services rises, leading to a decrease in purchasing power.
- 14. Financial assets or resources that businesses use to fund their operations and generate revenue.
Down
- 1. A significant decline in economic activity across the economy, lasting longer than a few months.
- 2. A financial plan that outlines expected income and expenses over a period of time.
- 3. A place or system in which commercial dealings are conducted, including the buying and selling of goods and services.
- 4. The action of buying, selling, or exchanging goods and services between people or countries.
- 8. The act of allocating resources, usually money, in order to generate income or profit.
- 9. The system of money in general use in a particular country.
- 11. A situation where a single company or group owns all or nearly all of the market for a given type of product or service.