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