The Nature of Economy

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Across
  1. 2. the cyclical fluctuations in the general level of economic activity
  2. 4. the use of money to purchase equipment or premises for the establishment of a new business or the expansion of an existing business
  3. 7. states that the quantity of a good or service demanded varies inversely to price
  4. 9. the point at which the demand and supply curves intersect
  5. 12. a relatively mild contraction in the level of economic activity resulting in reduced spending, rising unemployment and a slow rate of economic growth
  6. 14. the variety of plant and animal life in the world or in a particular habitat
  7. 15. all activities undertaken for the purpose of production, distribution and consumption of goods and service in a region or country
Down
  1. 1. the creation of goods and services
  2. 3. a general rise in prices across all sectors of the economy, causing money to lose its value
  3. 5. policy the Reserve Bank using interest rates to achieve economic objectives
  4. 6. where the exchange of goods, services or resources between buyers and sellers occurs
  5. 8. the process that sees people, goods, money and ideas moving around the world faster and more cheaply than before
  6. 10. states that the quantity of a good or service supplied varies directly with price
  7. 11. interest the price that must be paid in order to use someone else’s money
  8. 13. regularly putting aside some money for future use