Year 7 Economics & Business

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Across
  1. 1. An item that is essential to our survival
  2. 4. The organised exchange of goods, services or resources
  3. 6. Something that you buy, keep or consume
  4. 7. Resources that include people and the work they carry out
  5. 10. when unlimited wants exceed limited resources (8,7)
  6. 13. Resources that are human-made objects used to produce goods and services
  7. 14. The point where supply and demand are in balance
  8. 16. weighing up costs and benefits to make an economic decision (8,8)
  9. 18. Resources that exist without humans putting them there
Down
  1. 2. The quantity of an item that consumers want at a particular price
  2. 3. The relationship between consumers and producers based on the flow of resources
  3. 5. Land, Labour, Capital & Enterprise - the different types of resources that are required to produce goods and services (6,2,10)
  4. 8. Individuals and businesses involved in the production of goods and services
  5. 9. Something that someone does for you
  6. 11. A person or group that is the final user of goods and services
  7. 12. when something has more than one valuable use, or is hard to find.
  8. 15. An item that we desire because it brings us satisfaction
  9. 17. The quantity of an item producers are willing to sell at a particular price