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