Introduction to Economics

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Across
  1. 2. also known as factors of production
  2. 3. actions that fulfil needs or wants
  3. 6. tangible things that satisfy needs and wants
  4. 9. the football team Ms Speed supports
  5. 11. economic decisions are made by the private sector
  6. 12. the study of decisions and outcomes that result from scarcity
  7. 14. a type of resource that includes factories and machinery
Down
  1. 1. sacrificing the next best alternative for your first choice
  2. 4. raw materials used in the production of goods and services
  3. 5. government controls what is produced and for whom
  4. 7. economic system based on inheritance and ritual
  5. 8. human skills and resources that go into the production of a good or service
  6. 10. the problem of finite resources and infinite wants
  7. 13. the type of economic system Australia utilises