Economics Intervention
Across
- 4. When you are willing and able to buy something
- 7. Output per worker per hour
- 9. Economic sector including building and manufacturing
- 11. Willingness and ability to provide a good/service
- 13. When there are only a few sellers
- 14. Responsiveness to changes (e.g. in demand)
- 17. When a place focuses on being very good at one thing
- 18. Goods that compete for demand
- 20. Factor of Production - the reward is profit
Down
- 1. ____ costs = costs that do not change with output
- 2. Market ____ = when resources are misallocated
- 3. Goods and services that are desirable
- 5. Costs/benefits to those outside the transaction
- 6. ___ pay = pay before deductions
- 8. Goods commonly sold together
- 10. Point where demand and supply meet
- 12. When there is only one seller
- 15. VAT is an _____ tax
- 16. Economies of ____ = higher output = lower average costs
- 19. Resources that are finite/can run out are ____