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Across 4. Skills of people who are willing to invest their time and money to run a business 5. Term used when talking about economic resources 7. Difference between wants and needs and available resources 12. Economic system 13. Physical development of a country 17. Total dollar value of goods and services produced by a nation 19. Habits, traditions, and rituals answer the basic questions of what, how, and whom 20. Recurring changes in economic activity

Down 1. Output of goods and services produced by labor and property located within a country 2. Measures wholesale price levels in the economy 3. Rising prices 6. A period of prolonged recession 8. Signifies a period of renewed economic growth following a recession or depression 9. Output per worker hour that is measured over a defined period of time 10. Measures the change in price over a period of time 11. Country's government makes all economic decisions 14. No government involvement in economic decisions. 15. A Time when the economy is flourishing 16. Used in producing goods and services 18. A period of economic slowdown that lasts for at least two quarters of a year