Impacts of Technology and Investment

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Across
  1. 2. When capital grows at the same rate as the labour force
  2. 7. The maximum level of output a firm can produce
  3. 9. The wearing out or obsolescence of capital
  4. 12. Investment that increases the capital stock
  5. 13. The use of machines or technology to perform tasks previously done by humans
  6. 14. The total value of machinery, equipment and buildings used in production
  7. 15. The application of knowledge to improve production methods
Down
  1. 1. Output produced from the combined use of labour and capital
  2. 3. When capital grows faster than labour increasing capital per worker
  3. 4. Producing goods and services using the least amount of resources
  4. 5. Total investment spending by firms
  5. 6. The total goods and services produced by a firm
  6. 8. The amount of output produced per unit of input
  7. 10. The introduction of new ideas, products or processes
  8. 11. Investment used to replace worn-out capital