APPLIED ECONOMICS

2. The natural resources used in the production of goods and services.
7. The goods and services produced by an economy.
8. The branch of economics that focuses on individual economic units such as households and firms.
9. The act of giving one thing in return for another.
10. FINANCE The branch of economics that deals with the government’s revenue, expenditure, and debt.
11. Resources used in the production of goods and services.
12. The study of how societies allocate scarce resources to satisfy unlimited wants and needs.
13. The process of transferring goods, services, or money from one person or entity to another.
14. The practice or science of collecting and analyzing numerical data.

1. A person who organizes and manages an enterprise, typically with considerable initiative and risk.
3. A fictional country known for its unique economic system.
4. The tools, machinery, and buildings used in the production of goods and services.
5. The study of numbers, quantities, and shapes, and the relationships between them.
6. The study of reasoning and argumentation.
8. The branch of economics that deals with the overall performance and behavior of the economy.