Across
- 1. Property of distributing economic prosperity uniformly among the members of society.
- 2. A repeat buyer dedicated to a specific brand or service
- 3. Study of how resource distribution impacts societal well-being
- 5. The impact of one person’s actions on the well-being of a bystander.
- 7. Customers that are much less likely to make a purchase
- 9. Needs-driven buyer
- 10. The amount of goods and services produced from each hour of a worker’s time.
- 13. Action or Habits of consumers
- 15. Shoppers making unplanned purchases
- 17. Consumers based on interest and lifestyle.
- 19. A person who buys products for their own use
- 22. Something that induces a person to act, i.e. the prospect of a reward or punishment.
- 23. Is the buyer’s willingness to pay for a good minus the amount the buyer actually pays for it.
- 24. Consumers who buy products via Internet
- 25. Item for sale
- 27. Is the amount a seller for a good minus the seller’s cost.
- 28. One who creates goods or services
- 29. Deal seekers looking for the best discounts
Down
- 1. Is the property of a resource allocation of maximizing the total surplus received by all members of society.
- 4. An economy that allocates resources through the decentralized decisions of many firms households as they interact in markets for goods and services
- 6. Increases in the general level of prices.
- 8. Can be easy to access or use
- 11. Study of how people make decisions.
- 12. Careful buyer who researches before purchasing
- 14. Study of how society manages its scarce resources.
- 16. A curve that shows the short-run tradeoff between inflation and unemployment.
- 18. Buyer of goods or services
- 20. Best way to organize economic activity.
- 21. Inflation and economic uncertainties can make it difficult for consumers to afford basic necessities and maintain their desired lifestyle.
- 26. Comes from the Greek word for “one who manages a household”.