Keywords S4 Chapter A

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Across
  1. 3. it satisfies an immediate need or want.
  2. 5. the factor of production represented by the manager of a firm.
  3. 7. the benefit of the next best alternative.
  4. 11. public institution or organisation that provides public services and redistributes wealth.
  5. 12. something necessary to live and function.
  6. 13. an amount of money that the government receives to provide public services or to invest in public infrastructure.
  7. 16. When there is not enough of a resource to produce evreyones needs and wanths.
  8. 19. any natural resource that is used in the production of a good.
  9. 23. You don’t need a resource to produce it.
  10. 25. a reward for accomplishing a tasks. Provided by someone or an organisation.
  11. 26. a product that is not necessary. It is unlimited.
  12. 27. the ability to move factors of production to different locations.
  13. 28. tangible products
  14. 29. An entity that produces goods or services.
  15. 31. an intangible product that satisfied needs and wants.
  16. 32. a good that is perishable or used up quickly.
Down
  1. 1. A service or product, it needs limited resources to produce it.
  2. 2. the paradox of infinite wants but limited, scarce resources, obliging choices to be made.
  3. 4. the ability to move factors of production to different productive tasks.
  4. 6. a synonym of resource.
  5. 8. the feeling of personal satisfaction. We do something without being motivated by an external factor.
  6. 9. a reward that factors of production receives when providing workforce.
  7. 10. reward paid for the use of the factor of production known as land.
  8. 14. human resources; factor of production.
  9. 15. all the economic agents located in other nations.
  10. 17. human-made resource used in the production of other goods or services.
  11. 18. A group of people who live under the same roof and earn income.
  12. 20. goods that do not need to be purchased often and can be used repeatedly.
  13. 21. reward for the factor of production “Enterprise”.
  14. 22. interest is the amount you receive from your bank as a 'thank-you' for holding your money with them.
  15. 24. incentive_ a penalty, cost, or undesirable consequence imposed to discourage specific actions or behaviours.
  16. 30. something you get from another person (or organisation) when you do something.