Revision for final

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Across
  1. 3. goods or services which when consumed create positive spillover effects in an economy, e.g. education, training and health care
  2. 11. the best alternative forgone
  3. 13. an increase in the output of an economy and in the long run, an increase in the economy’s productive potential
  4. 17. function of money that enable people buy and sell
  5. 18. reward to investment
  6. 21. sectors producing services
  7. 22. decisions on government spending and taxation designed to influence aggregate demand
  8. 24. function of money that enable people to save
  9. 26. benefits enjoyed by those who are not involved in the consumption and production activities of others directly
Down
  1. 1. function of money enables the value of different items to be compared as prices are expressed in money terms
  2. 2. government charges imposed on income and wealth, such as income tax and inheritance tax
  3. 4. a situation where there is not enough to satisfy everyone’s wants
  4. 5. cost which do not change with output in the short run
  5. 6. cost that change with output
  6. 7. one which takes a larger percentage of the income or wealth of the rich
  7. 8. characteristic of money that each unit of money must be identical
  8. 9. characteristic of money that make it easy to carry money around
  9. 10. reward to enterprise
  10. 12. reward to labour
  11. 14. reward to land
  12. 15. 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
  13. 16. one which takes a larger percentage of the income or wealth of the poor
  14. 19. money a firm earns from its sales, before deducting costs of production
  15. 20. benefits received by those directly consuming or producing a product
  16. 23. the merger of firms producing the same product and at the same stage of production
  17. 25. risk bearing and key decision making in business