Economics crossword

2. all good and services that have a price are limited
3. the price of gold in two cities will not differ more than the cost of shipping the stuff from one place to another.
6. the organising and risk-taking factor of production
9. the excess of actual earnings that a producer makes from a given quantity of output above the amount the producer would be prepared to accept for that output
11. principle holds that freely available money hardly sits unclaimed for long.
12. is the empirical study of what is happening in the world, uses facts and statistics.
14. is a measure of welfare and well-being, it is measured in terms of education, health and public services, rathen than in only monetary terms.
18. the action of deciding how to allocate limited financial resources
19. focuses on markets collectively, taking a great view concerning inflation, growth, unemployment in a country

1. the assumption that other factors of demand remain the same
4. relates to what is happening in the world and attemps to sketch out how the economy can be improved, words as "should, ought to, shall, if-will" are used.
5. the human factor of production, which includes the physical and mental contribution of the labour force
7. products or services in joined demand.
8. when a market is in equlibrium it is said to be in...
10. is the quantity of a good or service that consumers are willing and able to purchase at a given price
12. equilibrium means a state of equality between supply and demand
13. is the willingness and ability of producers to produce a quantity of a good or service at a given price
15. Is what you give up in order to have something else.(the best alternative forgone when an economic decision is made)
16. focuses on markets in isolation, deals with smaller agents
17. the extra satisfaction or utility gained by consumers from paying a price that is lower than the one they were prepared to pay.