Unit 17: Scarcity, Choice and Circular Flow of Income

1234567891011121314
Across
  1. 3. Physical items used in the production of goods and services.
  2. 4. The economic return for enterprise.
  3. 7. The economic return for capital.
  4. 8. Limited, e.g. economic resources are limited.
  5. 10. Something we would like to have.
  6. 12. When our needs and wants are greater than our resources.
  7. 14. The study of the production, consumption and transfer of wealth.
Down
  1. 1. Effect on something.
  2. 2. Factor of production that brings together land and labour.
  3. 5. The price that has to be paid for goods and services.
  4. 6. The economic return for land.
  5. 9. The economic return for labour.
  6. 11. Includes any natural resource used to produce goods and services.
  7. 13. Refers to the individuals involved in producing goods and services.