ECON MAGAZINE PART 7

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Across
  1. 3. in economics, rivalry among producers to sell products to consumers
  2. 5. one of the three factors of production; the money which is used to finance a business venture
  3. 8. a shift on the economic continuum towards less government involvement in the economy.
  4. 9. property and capital
  5. 10. move with a smooth continuous motion, typically with little noise.
  6. 12. jump ramp
  7. 13. a one-piece or two-piece lined garment for winter wear
  8. 18. a legal agreement between two parties
  9. 20. money made from a product or service above and beyond the cost of providing the product or service
  10. 21. a part of the side of a hill or mountain
Down
  1. 1. a new way of doing things
  2. 2. what's best for society as a whole
  3. 4. another term for underground economy
  4. 6. a shift on the economic continuum towards more government involvement in the economy.
  5. 7. those who create products and services
  6. 11. one of the three factors of production. Land represents the space and physical resources needed to carry out industrial processes
  7. 14. a board resembling a short, broad ski, used for sliding downhill on snow.
  8. 15. in economics, the idea that land (materials), labour and capital (money) limit the supply of what people want and need
  9. 16. a market with only one seller.
  10. 17. the resources and processes involved in the production, distribution and consumption of goods and
  11. 19. anything that can be used to create goods or services