Economics Terms Crossword Puzzle

QUESTIONS LIST:

• demand : the more there is of this, the more the price of a product increases
• supply : how many goods and services a business provides, sells at a certain price
• equilibrium : point of intersection of demand and supply curves
• substitute goods : goods that are used when people cannot afford better options
• inflation : this makes money lose its value, have a lower purchasing power
• recession : when the stock market falls in a business
• peak : the highest point in a business cycle
• command system : cuba uses this economic system
• traditional system : this economic system may struggle if other economies want materials or assets from them
• customers : the people who purchase from businesses
• capital resources : the assets used to manufacture and create goods and services
• wants : products that are unnecessary for a person to survive
• market system : an economic system that does not involve the government
• mixed system : an economic system that consists of both private and public ownerships
• needs : shelter is one of these
• services : providing help to do something and receiving some kind of payment back
• consumers : the people who actually consume a business's products and/or services
• goods : visible products that can be physically touched
• law of supply : this holds a positive correlation between supply and price
• law of demand : this possesses an inverse correlation between quantity demanded and price
• economic health : consumer confidence is a sign of good _
• interdependence : a business's dependency on other businesses to be whole and to function properly
• specialization : when employees focus on one specific task that helps with overall efficiency of the production process