Economics

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Across
  1. 4. A product whose demand increases when income increases and decreases when income falls.
  2. 7. Human-made goods used in production.
  3. 8. State instructions given to state-owned enterprises.
  4. 10. The addition of individual components to arrive at a total amount.
Down
  1. 1. Someone who consumes a good or service without paying for it.
  2. 2. Those who undertake economic activities and make economic decisions.
  3. 3. A payment to the government.
  4. 5. the level of output where social cost equals social benefit and society's welfare is maximised.
  5. 6. The sale of public sector assets to the private sector.
  6. 9. Goods and services are produced by the factors of production.