The Real World - Economics

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Across
  1. 3. The objectives that a society or nation aims to achieve in terms of its economic well-being, such as growth, stability, and equity.
  2. 5. An economic system that combines elements of both a market-based economy and government intervention.
  3. 8. The overall condition of an economy, including factors like employment rates, inflation, GDP, and overall economic well-being.
  4. 11. The total value of all goods and services produced within a country's borders in a specific period, typically a year.
  5. 12. The management of an individual's or household's financial resources, including budgeting, saving, investing, and managing debt.
  6. 15. The cost of borrowing money or the return earned on an investment.
  7. 16. The purchase of assets or financial instruments with the expectation of generating income or appreciation.
  8. 17. A political and economic ideology advocating for the collective ownership of resources and the absence of social classes.
  9. 18. A financial plan that outlines an individual's or organization's expected income and expenses over a specific period.
  10. 19. An economic system in which the means of production, distribution, and exchange are owned or regulated by the community as a whole.
Down
  1. 1. People have the right to own their labor and possessions.
  2. 2. The decrease in prices of goods and services over time, resulting in an increase in the purchasing power of money.
  3. 4. The percentage of the labor force that is unemployed and actively seeking employment.
  4. 6. The general increase in prices of goods and services over time, reducing the purchasing power of money.
  5. 7. A significant decline in economic activity, typically characterized by a decrease in GDP, increased unemployment, and reduced consumer spending.
  6. 9. An economic system based on private ownership of resources and the pursuit of profit through free markets and competition.
  7. 10. Different systems in which resources are allocated and economic activities are conducted, such as capitalism, socialism, and mixed economy.
  8. 13. The portion of income that is not spent and is set aside for future use or emergencies.
  9. 14. Prices are determined by people freely buying and selling.
  10. 17. A numerical representation of an individual's creditworthiness, based