Across
- 3. The lowest point of an economy that results in large unemployment rates and decreased income and standard of living.
- 5. When a business depends on another business.
- 7. Intangible products such as hairstyling, transport.
- 10. The workforce in a business.
- 11. The highest point of an economy that results in high employment, standard of living, and demand.
- 13. When the quantity of supply and demand are equal.
- 15. A new idea or product.
- 17. A physical product.
- 19. Goods that can replace each other.
- 20. Materials that come from the natural environment.
- 21. People who use goods and services.
- 22. Items not of necessity, but better your life.
- 23. The quantity of consumers that desire and are able to buy a business' goods or services.
- 24. The amount of goods and services businesses will sell.
- 25. Advancements on existing inventions.
Down
- 1. A decline of demand in an economy that affects employment, production, income, sales, etc.
- 2. Cereal and milk, car and petrol; these pairs of goods are called…
- 4. Rise in demand, production, and employment.
- 6. Items of necessity.
- 8. Goods (money, tools, etc.) used to provide goods and services.
- 9. The action of creating goods or services that people buy.
- 12. Changes in economic activity characterized by 4 stages.
- 14. People who create products.
- 16. A product that is no longer used.
- 18. Increase in prices over a period of time.
