9DAS: Economics
Across
- 4. When the quantity supplied exceeds the quantity demanded
- 6. Individuals who are able to combine all three resources together to assist in the creation of goods and services.
- 7. The willingness and ability to purchase a product
- 9. Made up of many players that interact to direct the production and distribution of goods and services
- 10. A price decrease generally leads to a ______________________ in the market.
- 13. Skills utilised by people including physical exertion and mental talents to produce goods and services
- 14. A system where private individuals or businesses own a majority of capital goods.
- 15. The economic problem that exists due to unlimited wants and needs outweighing the limited resources
- 17. Used as a factor of production to supply goods and services
- 18. Individual markets that are examined in the economy
- 20. A model that allows us to make decisions about limited resources by looking at the pros and cons of the decision
Down
- 1. A product that has the same or a similar function/characteristics
- 2. A product that is used in conjunction with another
- 3. Materials that are not man-made and found in its raw form
- 5. The willingness and ability to produce a product
- 8. The profit or value of something that must be given up to benefit from or achieve something else.
- 11. Where the demand curve intersects the supply curve
- 12. Manufactured or man-made resources used to assist in the creation or delivery of goods and services
- 16. Something that is necessary for survival
- 19. Something that is desired but not necessary for survival