Economics 1.1-1.4

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Across
  1. 1. Little economic growth and innovcation
  2. 5. Development of skills can further increase production and improve the quality of the product or service
  3. 7. An economy controlled by a central authoriy
  4. 9. Applied versions of theory
  5. 11. As production increases, costs decrease
  6. 12. Abstract explanations
Down
  1. 2. An economy that is based on supply and demand
  2. 3. The production of one good or service is better split among numerous people
  3. 4. Combination of different economies
  4. 6. No economy is truly free
  5. 8. The study of how humans make decisions
  6. 10. human wants for goods, services, and resources that exceed what is available.