Economics Strand 1

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Across
  1. 3. bring goods/services into a country from abroad for sale
  2. 6. human resource which includes working people
  3. 9. quantity demanded is greater than the quantity supplied
  4. 11. the loss of potential gain from other alternatives when one is chosen
  5. 13. involves human skills require to start and run a business
  6. 17. an economy in which production, investment, prices, and incomes are determined centrally by a government
  7. 18. natural resource found on earth
  8. 19. a threatened penalty for disobeying a law or rule
Down
  1. 1. a state in which forces are balanced (ex. price and quantity)
  2. 2. supply, demand, and prices are out of equilibrium
  3. 4. an economic system in which production and prices are determined by unrestricted competition between privately owned businesses
  4. 5. send goods/services to another country for sale
  5. 7. monetary resources need to start and operate a business
  6. 8. an economic system combining private and public enterprise.
  7. 10. a tax or duty to be paid on a particular class of imports or exports
  8. 12. the desire of purchasers, consumers, clients, employers, etc., for a particular commodity, service, or other item.
  9. 14. the amount of a good or service offered for sale.
  10. 15. the state of being in short supply; shortage
  11. 16. an official ban on trade or other commercial activity with a particular country