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Across 1. Countries that try to reduce the differences between rich and poor. 4. A period of economic slowdown that lasts for two quarters, or six months. 6. Market situation in which supply exceeds demand. 7. All of the people who work in the economy. 8. Exclusive control over a product or the means of producing it. 10. A period of prolonged recession. 13. A period of rising prices. 15. Output per worker hour. 16. The process of selling government owned business to private individual. 19. The point at which the amount of a product supplied equals the amount demanded. 20. Point in the business cycle when the economy flourishes. 21. The physical development of a country, including its roads, parts, sanitation facilities, and utilities, especially telecommunication. 22. The possibility of financial loss; the potential for loss or failure in relation to the potential for improved earnings. 23. The way a nation makes economics choices. 24. Measures wholesale price levels in the economy.

Down 1. Market situation in which demand exceeds supply. 2. The technical terms economists use for resources. 3. The amount or quantity of goods and services that consume are willing and able to buy at various prices. 5. Countries that have a totalitarian form of government which runs everything. 9. Everything on the earth that is in its natural state. 11. 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. 12. Economy in which there is no government involvement in economic decision. 14. Recurring slowdown and growth of an economy. 17. The struggle between companies for customer. 18. The money needed to start and operate a business.