Economics Units 1 & 2

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Across
  1. 3. of income determine profits and losses
  2. 4. distribution of income giving wages fairly to the public
  3. 5. efficiency creates goods for a cheap fee
  4. 6. choose an option over the other for a product or service
  5. 7. distribution of income individuals get welfare and cash
  6. 9. percentage shows five groups
  7. 11. policy government controls money they spend and tax
  8. 14. living standards quality of life factors
  9. 15. factors consumer confidence, disposable income, interest rates substitute products, complement products, population growth tastes and preferences
  10. 16. living standards real GDP shows growth
  11. 21. income factors of production create goods and services
  12. 22. rate how many individuals are not hired
  13. 23. coefficient graph shows fairness in the income
  14. 24. income tax tax percentage and quantity of tax rises
Down
  1. 1. income taxable interest, profit and distribution
  2. 2. structures market conflict for goods and services
  3. 4. activity goods and services provided
  4. 8. curve graph allocates income and funds
  5. 10. where goods and services are
  6. 12. disposable household income, money divided by how many people reside in the house
  7. 13. efficiency productive efficiency
  8. 17. wage income disposable income and non-cash transfers
  9. 18. efficiency creates goods that decreases the production fee
  10. 19. factors climatic conditions, labour costs/wages, raw materials exchange rate and technology
  11. 20. household income money that individuals in the house have combined
  12. 23. domestic product goods and services price