Economic Terminologies Crossword Puzzle

QUESTIONS LIST:

• depression : a severe and prolonged downturn in economic activity.
• fiscal policy : a stimulus used by governments to fight recessions, involving spending and tax cuts.
• gdp : the total market value of all goods and services produced in a country.
• opportunity cost : the next best alternative given up when a decision is made.
• capital : this term refers to the tools, machinery, and factories used to produce goods
• demand : product or service that consumers are willing and able to purchase at various prices.
• supply : the amount of a product that producers are willing to sell at different prices.
• economics : the study of how individuals and societies choose to allocate scarce resources
• monopoly : a market where there is only one seller.
• command economy : an economic system where decisions are made by a central authority.
• scarcity : this occurs when there are not enough resources to satisfy all human wants.
• tariff : a tax imposed on imported goods to protect domestic industries.
• dumping : the unfair practice of selling goods in another country at a price lower than in the domestic market.
• subsidy : a government payment to domestic producers to encourage exports or reduce the cost of production.