Economics

3. human resources available in an economy
7. the total amount demanded by consumers
10. individuals or households who buy goods and services for their own use
12. where the relative change in the quantity demanded is greater than the change in price
13. where quantity demanded increases as income increases
15. the means of allocating resouces in a market economy
17. direct payments made by government to producers of goods and services
19. all the stages of a product's progress from raw materials production and distribution until it reaches the consumer

1. the study of an economy or a group of economies
2. involves organising production and taking risks
4. where buyers and sellers get together to trade
5. demand that is supported by the ability to pay
6. a good consumed with another
8. the quantity of a product that consumers are willing and able to buy at different prices per period of time
9. a simplified view of reality used to explain economic problems and issues
11. any business that hires factors of production to produce goods and services
14. when two goods are consumed together
16. an alternative good
18. a pyhsical resource made by humans