Lecture 1 - What is Economics

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Across
  1. 7. deals with individuals and markets.
  2. 8. this is shown by those who organise the factors of production.
  3. 11. supplier of factors of production.
  4. 14. most economics is ________________ in nature.
  5. 16. another name for natural resources.
  6. 17. an economic system where the factors of production are owned by government.
  7. 18. another name for factors of production.
  8. 19. an institution which ensures that firms behave in a competitive and efficient way.
Down
  1. 1. something given up.
  2. 2. an example of capital
  3. 3. an example of an economic agent.
  4. 4. deals with the economy as a whole.
  5. 5. an example of a market capitalist country.
  6. 6. a type of efficiency.
  7. 8. another term for fairness.
  8. 9. the return for entrepreneurship.
  9. 10. a type of efficiency.
  10. 12. study of the interrelationship between different economic agents.
  11. 13. wants exceed available resources.
  12. 15. an important economic question.