Revision for final
Across
- 5. one which takes a larger percentage of the income or wealth of the rich
- 6. reward to land
- 9. reward to labour
- 11. costs which do not change with output in the short run
- 13. benefits enjoyed by those who are not involved in the consumption and production activities of others directly
- 14. risk bearing and key decision making in business
- 17. the best alternative forgone
- 19. characteristic of money that each unit of money must be identical
- 20. one which takes a larger percentage of the income or wealth of the poor
Down
- 1. the merger of firms producing the same product and at the same stage of production
- 2. benefits received by those directly consuming or producing a product
- 3. function of money that enable people buy and sell
- 4. reward to investment
- 7. function of money enables the value of different items to be compared as prices are expressed in money terms
- 8. the merger of one firm with another firm that either provides an outlet for its products or supplies it with raw materials, components or the products it sells
- 10. function of money that enable people to save
- 11. decisions on government spending and taxation designed to influence aggregate demand
- 12. costs that change with output
- 15. reward to enterprise
- 16. sectors producing services
- 18. characteristic of money that make it easy to carry money around