Across
- 4. Percent of labor force jobless and seeking work.
- 7. Transfer of government-owned businesses to private ownership.
- 9. Resources used to produce goods and services.
- 12. General increase in prices, reducing purchasing power.
- 14. Statistic showing overall economic health (e.g., GDP, CPI).
- 15. Tangible products (goods) and intangible activities (services).
Down
- 1. Natural rise and fall of economic growth over time.
- 2. One firm supplies product with no close substitutes.
- 3. Rivalry among sellers to attract customers, influencing prices.
- 5. Many sellers offering differentiated products; some price control.
- 6. Government decisions on taxation and spending to influence economy.
- 8. Economic decline; GDP falls at least two consecutive quarters.
- 10. Quantity producers will sell at various prices.
- 11. Total value of goods/services produced in a nation.
- 13. Transfer of private businesses or assets to government control.