All About the Economics Crossword

when the supply of one product increases the supply of another
the amount added to the total cost by producing one extra unit of output
this takes place within an industry when rival companies cooperate for their mutual benefit
a social science studying the production, distribution, trade and consumption of goods and services. how people make the best use of scarce resources.
measures the responsiveness of demand and supply to a change in price
a cost or a benefit which affects the economic welfare of an economic agent other than the prime producer or consumer of a good or service
a process of persistently rising prices eroding the purchasing power of money
in economics, there is one dominant firm in the marketplace; in law, definitions vary from country to country
where there are only a few suppliers and the actions of one firm affect other producers
where there is a downturn in the economic activity, and there are more than two consecutive quarters of negative growth.
a period of time where there is at least one fixed factor in terms of size or quantity
when markets fail to achieve the best use of resources due to the existence of, for example, monopoly or externalities.
the 'price' at which one currency, e.g. the pound, exchanges for another, e.g. the dollar.