Exploring Economics Crossword Puzzle

QUESTIONS LIST:

• economics: the study of how individuals and societies allocate scarce resources to satisfy unlimited wants. (9 letters)
• ppc: a curve showing the maximum combination of goods that can be produced with available resources and technology. (3 letters)
• gdp: the total market value of all final goods and services produced within a country in a given period. (3 letters)
• equilibrium : a situation in which quantity demanded equals quantity supplied. (11 letters)
• income : the amount of money received by a person or household over a period. (6 letters)
• normal goods: goods for which demand increases as income increases. (11 letters)
• profit: the financial gain made in a transaction. (6 letters)
• microeconomics: the part of economics that deals with the behavior and decision-making by small units, such as individuals and firms. (14 letters)
• free entry: a situation in which there are no barriers to new firms entering the industry. (9 letters)
• opportunity cost: the cost of the next best alternative foregone when a choice is made. (15 letters)
• macroeconomics: the study of the economy as a whole and decisions relating to aggregate indicators such as gdp, unemployment rates, and inflation. (14 letters)
• monopoly: a market structure characterized by a single seller. (8 letters)
• capitalism: an economic system based on private ownership and the free market. (10 letters)