MICRO ECONOMICS

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Across
  1. 5. an increase in the production and consumption of goods and services within an economy over a specific period
  2. 7. relies heavily on machinery, advanced technology, and automated equipment rather than human labor
  3. 8. an economic system that blends both private enterprise and government intervention
  4. 9. due to scarcity of resources this problem arises
  5. 10. Human wants are virtually endless and constantly evolving
Down
  1. 1. profit maximisation is the main motive of this type of economic system
  2. 2. the branch of economics that focuses on "what ought to be" rather than objective facts
  3. 3. the value of the next-best alternative you give up when making a decision
  4. 4. the shape of the curve that illustrates the maximum possible output combinations of two goods an economy
  5. 6. the branch of economics that studies the behavior of an entire economy as a whole.