Economics

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Across
  1. 1. A measure of development including life expectancy and education.
  2. 5. A situation where supply equals demand.
  3. 8. The amount buyers are willing to pay.
  4. 9. The decision made when resources are scarce.
  5. 10. Limited resources compared to unlimited wants.
  6. 11. Economic system based on government ownership.
  7. 13. Economic system combining market and government.
Down
  1. 2. A reward that influences behaviour.
  2. 3. The next best alternative given up.
  3. 4. The quantity producers are willing to sell.
  4. 6. A measure of income inequality.
  5. 7. When the government sets a maximum price.
  6. 9. Economic system based on private ownership.
  7. 12. The willingness and ability to buy a good.
  8. 14. Fair distribution of resources.