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