Economic Key Terms

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Across
  1. 4. Entrepreneurship is the most _ factor of production
  2. 5. _ (short term) is also known as the Production Possibility Frontier (PPF)
  3. 10. Inability to meet people's wants
  4. 12. Has an opportunity cost because need resources to make
  5. 15. Natural resources
  6. 17. Used to create economic goods - usually scarce
  7. 19. Risk bearing and decision making in business
  8. 20. Affects the output of a factory
  9. 24. Also known as "human capital"
  10. 25. The number of factors of production
  11. 27. "BE A _!" - Miss Finnie
Down
  1. 1. People in work / searching for work
  2. 2. Output per worker hour
  3. 3. Value of a worn out / obselete capital
  4. 6. That are various negative factors that may cause labour to be _
  5. 7. Net _ is the reduction in the number of capiatl
  6. 8. Determines the entrepreneurship
  7. 9. The ability to change location or occupation
  8. 11. The cause of the economic problem
  9. 13. The total amount of goods and services produced
  10. 14. Quantity, and _ the factors of production
  11. 16. Usually unlimited
  12. 18. Goods bought for their function - not for satisfaction
  13. 21. Occurs due to people having unlimited wants, but resources are scarce
  14. 22. The mobility of the factors of production can be occupationally mobile or _ mobile
  15. 23. Bought by households for satisfaction
  16. 26. Land is very mobile _