Across
- 2. The general increase in prices of goods and services over time, leading to a decrease in the purchasing power of money.
- 3. Government policies related to taxation and spending that can influence the economy.
- 5. The interaction between buyers and sellers that determines the price and quantity of goods and services exchanged.
- 8. The fundamental economic principle that describes the relationship between the availability of a good or service (supply) and the desire for it (demand).
- 10. Financial aid or support provided by the government to certain industries or businesses to encourage production or consumption.
- 12. The increasing interconnectedness and interdependence of countries through trade, communication, and cultural exchange.
- 13. A tax imposed on imported goods, often to protect domestic industries.
- 15. The study of how individuals, businesses, and societies allocate resources to satisfy their wants and needs.
Down
- 1. The process of starting and operating a business, taking on financial risks in the hope of profit.
- 4. The total value of all goods and services produced within a country's borders in a specific time period.
- 6. The management of the money supply and interest rates by a central bank to control inflation and stabilize the economy.
- 7. The value of the next best alternative that must be forgone in order to pursue a certain action.
- 9. The fundamental economic problem arising from the fact that resources are limited while human wants are virtually limitless.
- 11. A measure that examines the average change in prices paid by consumers for goods and services over time.
- 14. A market structure in which a single seller or producer controls the entire supply of a good or service, giving them significant pricing power.