ECONOMICS
Across
- 5. Exchange in which a person sacrifices one or more thaings for getting a particular product, service or experience
- 6. Type of externality which leaves a positive effect on the third party
- 8. Type of resource that exist in a region and can be used in future
- 10. Type of resource accessible to all the members of the community
- 11. Type of efficiency when the price of the good is equal to marginal cost of production
Down
- 1. Any level of inputs beyond that which would maximise net return from the resource
- 2. The practice of maintaining processes of productivity indefinitely natural or human made by replacing resources without endangering natural biotic system
- 3. Type of cost which is inclusive of private and external cost
- 4. An effect that a transaction or activity imposes on a party that is not a party of the transaction
- 7. Type pf sustainability which focuses on equal economic growth that generates wealth for all without harming the environment.
- 9. Materials in the environment which have the potential to satisfy the human needs but cannot be used due to lack of technology