Economics Review

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Across
  1. 1. the machinery used to run a business
  2. 4. a series of questions that are asked to a group of people to gather information about a public opinion
  3. 5. when a business focuses on producing one or few products to be more efficient in the area
  4. 8. having a job the returns income for the work provided
  5. 10. when a business outperforms another with cheaper or better products
  6. 12. an economic decision made because of scarcity
  7. 13. the natural resources used in the production of a business
  8. 14. the money paid
  9. 15. the amount of money a business earns after taking away the expenses that it has to pay
  10. 17. how scarce resources are distributed among producers
  11. 21. the performance of an economy evaluated based on a number of objectives
  12. 27. the innovation of individuals who combine the three factors of production to create a new product or service
  13. 28. things that we physically cannot survive without
  14. 30. a person or business who sells or trades goods and services
  15. 34. economic resources that are a part of a business
  16. 35. sending goods to another country
  17. 36. the economic problem of society having unlimited wants but limited resources to support them
  18. 37. the study of how how people use resources to satisfy their needs and wants
  19. 38. the general increase in prices of goods and services
Down
  1. 2. the amount of money a person who borrows money will have to pay the bank on top of the original amount borrowed
  2. 3. a type of scarcity, the problem that arises due to the overall lack of a resource; it is finite
  3. 6. the way participants in an economy rely on each other to provide the goods and services they cannot produce themselves
  4. 7. a type of scarcity, the problem that arises due to our unlimited wants yet limited resources to fufil them
  5. 9. someone who is ignored or not accepted by the people around them
  6. 11. a business or person who employs workers to produce goods and services
  7. 16. natural or made materials that can be used to produce goods and services, can be divided into the four factors of production
  8. 18. services performed by others for consumers
  9. 19. the percentage of people who are unemployed out of all the people who are able to work
  10. 20. a person or business who purchases or trades for goods and services
  11. 21. a person who works for a business or organisation
  12. 22. the exchange of resources among buyers and sellers
  13. 23. a plan for achieving goals
  14. 24. the total value of goods/sevices produced in a country over a year, three words
  15. 25. products traded within the market, items
  16. 26. what you miss out on when making a choice, the next best unchosen option
  17. 29. the level of wealth, material goods, comfort and life necessities in a geographical area
  18. 31. the human resources used to help a business run
  19. 32. bringing in goods from another country
  20. 33. the activity of buying, selling or exchanging goods or services between people or countries