Across
- 2. the state of being out of work
- 4. an economy in which production, investment, prices, and incomes are determined centrally by a government.
- 5. a thing that motivates or encourages one to do something.
- 7. the part of economics concerned with single factors and the effects of individual decisions.
- 9. a policy or attitude of letting things take their own course, without interfering.
- 10. an insistent and peremptory request, made as if by right.
- 12. the part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.
- 13. actions undertaken by a government or central bank to encourage economic activity and growth
- 15. a state of limited competition, in which a market is shared by a small number of producers or sellers.
- 16. a state or situation in which something needed cannot be obtained in sufficient amounts.
- 17. the highest point in a business cycle
- 19. a general increase in prices and fall in the purchasing value of money.
- 22. a balance achieved between two desirable but incompatible features; a compromise.
- 24. relating to government revenue, especially taxes.
- 25. Rate the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
- 26. the exclusive possession or control of the supply of or trade in a commodity or service.
- 28. a person who purchases goods and services for personal use
- 29. the person or people with whom one is competing, especially in a commercial or sporting arena; the opposition.
- 32. a system where economic decisions are based on customs, traditions, and historical practices
- 33. a stock of a resource from which a person or place can be provided with the necessary amount of that resource.
Down
- 1. a cycle or series of cycles of economic expansion and contraction
- 3. the lowest point in a business cycle
- 6. an economic system that combines elements of both free market and planned economies, allowing private enterprise to operate alongside government intervention and regulation
- 8. of Production land, labor, capital, and entrepreneurship
- 11. relating to money or currency.
- 14. an amount of something left over when requirements have been met; an excess of production or supply over demand.
- 18. the economic growth, characterized by rising Gross Domestic Product (GDP), increased employment, high business activity, and growing consumer demand, leading to lower interest rates and increased investment and spending
- 20. an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
- 21. Flow a simplified representation of how money and goods/services circulate within an economy
- 23. a broad and significant decline in economic activity across the economy, lasting more than a few months, that shows up in real GDP, real income, employment, industrial production, and wholesale and retail sales
- 27. a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
- 30. is the loss of potential gain from other alternatives when one alternative is chosen
- 31. refers to the issue when wants are unlimited, but the resources available to satisfy those wants are limited.