Across
- 3. added value or usefulness of a product
- 4. the value added by having a product where customers can buy it
- 6. where supply exceeds demand
- 7. also known as a scarcity
- 9. renewed economic growth
- 10. measure of the goods and services inside a country
- 12. refers to how little demand is changed by price
- 14. supply and demand are equal
- 15. highest economic growth
Down
- 1. the degree to which demand for a product is affected by its price
- 2. movement of an economy through four recurring phases
- 5. a person who risks money and resources to start a business
- 8. the money needed to start and operate a business
- 11. a consumers willingness and ability to buy a product at a certain price at a given period of time
- 13. prolonged recession