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Across 1. the government provides assistance to help businesses 2. the struggle between companies for customers 4. point in the business cycle when the economy flourishes; also called expansion 6. all the things used in producing goods and services 8. a measure of the goods and services produced using labor and property located in this country 15. the money earned from conducting business after all costs and expenses have been paid 16. all of the people who work in the economy 18. the process of starting and managing your own business; the skills of people who are willing to risk their time and money to run a business 19. everything on the earth that is in it's natural state 21. The government creates regulatory agencies such as OSHA that protect who 22. the technical term economists use for resources 25. the possibility of financial loss; the potential for loss or failure in relation to the potential for improved earnings 26. the point at which the amount of a product supplied equals the amount demanded 29. economy in which there is no government involvement in economic decisions 32. competition that focuses on the sale price of a product 36. the physical development of a country, including its roads, ports, sanitation facilities, and utilities, especially telecommunications 38. market situation in which supply exceeds demand 40. contries that try to reduce the differences between rich and poor 41. the increase in the overall economic activity 42. the difference between wants and needs available resources 43. The way a nation makes economic choices

Down 1. market situation in which demands exceeds supply 3. output per worker hour 5. a period of rising prices 7. these decide what products should be produced 9. the process of selling government-owned businesses to private individuals 10. a period of prolonged recession 11. the money needed to start and operate a business 12. measures the change in price over a time of some 400 specific retail goods and services used by the average urban household 13. businesses choose to compete on the basis of factors not related to price 14. this board has power to control the US monetary supply 17. system in which individuals start and operate their own businesses without government involvement 20. the amount or quantity of goods and services that consumers are willing and able to buy at various prices 23. measures wholesale price levels in the economy 24. the government is responsible for answering the three basic questions 27. recurring slowdown and growth of an economy (2 words) 28. an economic system characterized by private ownership of business and marketplace competition 30. If we have enough money, we have the ability to buy whatever items are legally available this is freedom of waht 31. wage-setting is an example of governments role as a 33. countries that have a totalitarian form of government which runs everything 34. exclusive control over a product or the means of producing it 35. the amount or quantity of goods and services that producers will provide at various prices 37. a period of economic slowdown that lasts for two quarters, or six months 39. The Us does not have a purely market economy it is what