Economics Revision Crossword

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Across
  1. 6. The next best alternative you forgo
  2. 7. What labour land enterprise and capital is called
  3. 8. Something that is desired by one person
  4. 10. Can be either public or private.
  5. 11. Studies the behaviour of individual households and firms
  6. 13. The theory that government intervention should act counter-cyclically to the business cycle
  7. 16. Consumers determine what is produced.
  8. 17. Drives economic growth and employment
  9. 18. Human effort for the creation of goods and services.
  10. 19. Produced to be used in the production of other goods.
Down
  1. 1. A state where an economy is not growing or shrinking.
  2. 2. The improvements in the production and the communication process which increase productivity and efficiency.
  3. 3. The ability to produce a good at a lower opportunity cost than another good
  4. 4. Production possibility frontier
  5. 5. The ability of an economy to produce at lower cost per unit compared to another economy that produces the same good or service
  6. 9. Additional wants that are necessary for survival
  7. 12. Items used in conjunction with another.
  8. 14. The economic problem.
  9. 15. Deals with the performance structure behaviour and decision making of an economy