Inayat Pandher- Economics Crossword

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Across
  1. 3. Gross domestic product, and economy's economic output per capita (person)
  2. 6. The ability to initiate the production process by organising all the necessary factors of production.
  3. 7. Goods or services that can be substituted. e.g. clothes, toys.
  4. 8. Mixture of public and private enterprises and free markets with some intervention from the government.
  5. 10. Inputs used to produced income. Factors to determine _____ are 1. Land, 2. Captial, 3. Labour, 4. Enterprise.
  6. 11. Eductaion and training and the quality of equipment with which the labourer will work.
  7. 14. Way to compare the costs and benefits of products where they are expressed in monetary units. E.g. superfund C vs B analysis.
  8. 16. A product that is completely necessary for the consumer's survival.
  9. 19. All activities undertaken for the purpose of production, distrobution and consumption of goods and services in a region/ country.
  10. 20. Investment in machinery and equipment.
  11. 21. The science of how individuals make choices to satisfy wants and needs. Explores how producers and consumers interact with each other in markets.
  12. 22. the number or proportion of unemploed people in an economy.
  13. 23. There is only a limited number of resources(time, money etc), to allow unlimted production.
  14. 24. A consumer gives up one product or service for another.
  15. 26. Age, size, gender and hours worked by the labourer.
  16. 28. Withdrawal of income from the economy's flow such as savings, taxation and imports.
  17. 31. Same as the opportunity cost.
  18. 32. 1. What are you making, 2. How much of it is to be made, 3. Who is it being made for.
  19. 33. A product or service that is desired by the consumer however, it is not necessary for survival.
Down
  1. 1. Consumers will never get enough, there will always be another product or service they want to have.
  2. 2. The gradual devaluation of money over time. When inflation increased, money is devalued (you need more money to buy product than in the past)
  3. 4. Money paid for a product or service to satisfy a want or need.
  4. 5. As wants are unlimited as well as most needs, it is how to satisfy unlimted wants and needs with limited resources.
  5. 9. What you lose by choosing one alternatve or option over another. Encourages trade off, the choice not taken is the opportunity cost.
  6. 12. The use of government spending and tax policies to influence economic conditions, especially macroeconomic conditions.
  7. 13. A person without a job.
  8. 15. There's not enough of something - a product, service or resource to satisfy every consumer's wants at a zero price.
  9. 17. Wants that are never satisfied and keep recurring.
  10. 18. A good whose appeal increases with popularity of its compliment. E.g. phone- phone case, cereal- milk etc.
  11. 25. Any human service- physical or intellectual.
  12. 27. The introduction of income into the economy's flow. Such as investment, government expanditure and exports)
  13. 29. Any natural resources.
  14. 30. A pointer that provides an indication of something.