Unit 2 Vocab - Economics

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Across
  1. 1. The exchange of goods and services between parties, often involving compensation from a buyer to a seller
  2. 5. A record of a company's employees and their salaries or wages
  3. 7. A range of measures that a country's central bank can use to promote long-term economic growth by controlling the amount of money in circulation
  4. 8. rules that limit who can enter a business and what prices they may charge; entry and price controls
  5. 10. A formal prohibition on trade or other business activities with a specific country
  6. 14. A mandatory payment to the government on income, profits, and goods/services
  7. 16. The right of a government to take private property for public use with compensation
  8. 18. The part of economics concerned with single factors and the effects of individual decisions
  9. 20. An individual who takes on the challenge of launching a new business endeavor
  10. 23. The government's decisions regarding raising revenue and spending it
  11. 24. The economic assessment of an individual's investments, assets, and interests
Down
  1. 2. Regulation of economic power concentration, including monopolies and anti-competitive practices
  2. 3. The profit obtained from the sale of property or an investment
  3. 4. The procedure through which businesses or other organizations establish global influence or begin operating on an international level.
  4. 6. The sector of a nation's economy managed by private individuals and businesses
  5. 9. Economics focused on larger-scale factors (interest rates, national productivity)
  6. 11. The part of an economy that is controlled by the government
  7. 12. Refers to creative works or inventions, such as manuscripts or designs, for which one can apply for patents, copyrights, trademarks, etc
  8. 13. The payment received, often regularly, for work or through investments.
  9. 15. The operations carried out or the services provided by a bank
  10. 17. Participants in an economic system depend on each other through trade to obtain goods they can't efficiently produce themselves.
  11. 19. government-imposed limit on the quantity of a specific good that can be imported or exported within a set timeframe
  12. 21. A market with only one seller/producer with no close substitutes
  13. 22. When the federal government's expenditures surpass its income
  14. 25. A Government or public financial support to keep prices competitive for a specific industry or business
  15. 26. The value of one currency in relation to another currency