Introduction to Economics

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Across
  1. 3. The value of a country's currency in terms of another country's currency.
  2. 5. The study of how society uses its limited resources.
  3. 6. The people in the economy that make and supply goods and services.
  4. 8. ... are known to regulate the economy, set the tax rate and provide public goods and services.
  5. 9. The people in the economy that buys and consumes goods and services.
Down
  1. 1. The branch of economics that studies how households and businesses reach decision about purchasing, setting prices, competition in business, etc. It focuses at the individual level.
  2. 2. The branch of economics that studies the overall working of a national economy. It is more focused on the big picture and analysing things such as growth, inflation, interest rates, unemployment, etc.
  3. 4. This is when general price increases across the entire economy.
  4. 7. This is generated from everything that is produced and sold.
  5. 10. A situation in the economy when there is limited amount of resources.