Fundamental Economics Problem

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Across
  1. 2. fundamental economics problem
  2. 7. only a single change of circumstances
  3. 9. may be referred to as the command economy or the centrally economy
  4. 11. Both labour and capital are variable
  5. 12. When all factors of production are variable, including technology/regulation.
  6. 13. Another tool economists use to simplify a situation other than ceteris paribus
  7. 14. economies are often based on hunting, fishing and gathering or farming.
  8. 16. desires / aspirations that individuals seek to attain
Down
  1. 1. The study of whole economy or group of economy
  2. 3. refer to the requirements that are essential for and individual to survive
  3. 4. economic system that accepts both private businesses and nationalized government services.
  4. 5. monetary system where the forces of supply and demand direct the production of goods and services.
  5. 6. the study of individual markets
  6. 8. the second best option
  7. 10. One factor of production is fixed
  8. 15. The factor about all natural resource