IGCSE Economics Revision

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Across
  1. 3. medium of exchange
  2. 7. interaction of buyers and sellers
  3. 10. possibility curve, maximum output combinations using given resources
  4. 12. willingness and ability to buy goods or services
  5. 13. consumer of goods and services
  6. 15. market condition with surplus or shortage
  7. 20. wasteful or suboptimal resource use
  8. 22. basic necessities for survival
  9. 25. intangible activities that satisfy wants
  10. 26. responsiveness to a change in price or income
  11. 27. authority that regulates and intervenes in the economy
  12. 28. human effort used in production
  13. 29. willingness and ability to sell goods or services
Down
  1. 1. natural resources used in production
  2. 2. use of goods and services to satisfy wants
  3. 4. unlimited human desires
  4. 5. man-made resources used in production
  5. 6. cost, next best alternative forgone
  6. 8. tangible products that satisfy wants
  7. 9. excess supply at a given price
  8. 11. choices involving sacrifices
  9. 14. high responsiveness to price changes
  10. 16. optimal use of scarce resources
  11. 17. producer of goods and services
  12. 18. monetary value of a good or service
  13. 19. risk-taking and decision-making factor of production
  14. 21. little responsiveness to price changes
  15. 23. where quantity demanded equals quantity supplied
  16. 24. excess demand at a given price