eco

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Across
  1. 7. the economic resources of land, labour, capital and enterprise
  2. 8. total spending's on capital goods
  3. 12. a person who bears risks and makes the key decisions in a business
  4. 13. factors used to produce goods and services
  5. 14. human effort (physical and mental) used in producing goods and services
  6. 18. human-made goods used in production
  7. 21. a situation where there is not enough to satisfy everyone's wants
  8. 22. the ability of capital to change where it works or in which occupation
  9. 24. output per worker hour
  10. 27. a product which requires resources to produce it and therefore has an opportunity cost
  11. 28. gross investment minus depreciation
Down
  1. 1. the next best alternative forgone
  2. 2. the ability of enterprise to change where it works or in which occupation
  3. 3. goods and services purchased by households for their own satsifaction
  4. 4. spending on capital goods
  5. 5. risk bearing and key decesion making in business
  6. 6. a curve that shows the maximum output of two types of products and combination of those products that can be produced with existing resources and technology
  7. 9. unlimited wants exceeding finite resources
  8. 10. the output per factor of production in an hour
  9. 11. a product which does not require any resources to make it and so does not have an opportunity cost
  10. 15. incapable of moving from one location to another location
  11. 16. reduction in the number of capital goods caused by some obsolete and worn out capital goods not being replaced
  12. 17. the next best alternative forgone
  13. 19. capable of changing use
  14. 20. the value of capital goods that have worn out or become obsolete
  15. 22. the ability of labour to change where it works or in which occupation
  16. 23. people in work and those actively seeking work
  17. 25. goods and services produced by the factors of production
  18. 26. gifts of nature available for production