New Vocabulary Exercise!
Across
- 2. shortage of resources
- 5. the desire of consumers to purchase and consume a certain good or service
- 7. refers to an economic system where production, prices and incomes are determined by the government.
- 9. refers to naturally occurring resources such as plots of land, minerals, forests, fish stock etc.
- 10. good that governments believe people should consume more
Down
- 1. refers to an economic system where goods are produced and sold based solely on demand and supply
- 3. human made production resources such as machines, tools and buildings
- 4. a measure of the work done by human beings
- 6. good that people demand more of at cheaper prices
- 8. the risk-taking, leadership skills of a business owner or manager