Year 10 Economics

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Across
  1. 3. A formal ownership structure. It is a separate legal entity from the owners.
  2. 4. People who purchase goods and services from a market
  3. 6. A type of business where 2-20 partners join together to share decisions, costs and profits.
  4. 8. Workers who are responsible for producing your needs and wants
  5. 12. Things people do for others for payment
  6. 13. A business that is owned by one person, and that person makes the majority of decisions and provides most of the money needed.
  7. 14. We do not have enough resources to satisfy all our wants and needs
Down
  1. 1. The study of what to produce, for whom to produce and how to produce it
  2. 2. Things that allow us to enjoy a good standard of living
  3. 5. Money paid. A compulsory contribution to government revenue
  4. 7. Raw Materials used as input into creating needs and wants
  5. 9. Touchable material things we buy
  6. 10. A place for people to buy and sell goods and services. A place for consumers and producers to come together.
  7. 11. Goods and services we believe necessary for life