Year 9 Economics

3. the standard measure of the value added created through the production of goods and services in a country during a certain period.
4. a fundamental economic concept involving the purchase and sale of goods and services, with compensation paid to a seller by a purchaser or the exchange of goods or services between parties.
7. mandatory contributions levied on individuals or corporations by a government entity
8. scale a proportionate saving in costs gained by an increased level of production.
10. the number of products that a producer or seller is willing and capable to provide to buyers.
11. to be desired or approved of.
13. an organisational unit producing goods or services which has a certain degree of autonomy in decision-making.
16. the production of goods that will be used to produce other goods

1. an increase in the level of prices of the goods and services that households buy
2. the assets—physical tools, plants, and equipment—that allow for increased work productivity.
5. an economic concept that relates to a consumer's desire to purchase goods and services and willingness to pay a specific price for them
6. anything a human being needs for their survival.
9. an organization or enterprising entity engaged in commercial, industrial, or professional activities
12. an economy where the primary economic activity is the provision of services rather than the production of goods.
14. anything that someone desires, or would like to have.
15. may lead to economies of scale"