Across
- 3. The legal right that allows the owner of a local home decor store to lock up their unsold fairy lights at night and claim all the earnings from festive sales.
- 7. What happens on the day after Diwali when sweet shops have a massive excess supply of unsold milk cakes because consumer demand has suddenly plummeted.
- 8. The intense rivalry between multiple sweet vendors on the same street that forces them to improve the quality of their kaju katli and keep their prices low to attract shoppers.
- 9. Municipal Street lamps lit up for a public Diwali festival that are non-excludable and non-rival, meaning everyone benefits regardless of who paid.
- 10. A reward, like high festival profits or a year-end bonus, that motivates factory workers and artisans to put in overtime ahead of the holiday season.
Down
- 1. A person who stands on the sidewalk to enjoy a massive, expensive neighborhood Diwali laser light show without paying a single rupee toward its cost.
- 2. The economic situation that occurs when a completely free market overproduces polluting firecrackers and underproduces community safety, leading to an inefficient allocation of festive resources.
- 4. The perfect market state reached when the quantity of clay lamps artisans bring to the market exactly matches the quantity that families want to buy.
- 5. A product like loud firecrackers that is over-consumed in a free market because consumers ignore the long-term health risks and social costs.
- 6. The 'invisible hand' that automatically adjusts the costs of clay diyas and marigold garlands based on shortages and surpluses during festive shopping, requiring no government intervention.