1.1 Economics glossary

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Across
  1. 2. A thing that may be chosen
  2. 4. Purpose or reason for being
  3. 6. Enterprise A business that prioritises financial and economic objectives.
  4. 9. Any groups that are interested in the business.
  5. 11. The actural direct outcomes, postive or negitive, resulting from decision-making
  6. 14. A suggestion as to the best course of action
  7. 15. A standard by which something is judged.
  8. 16. “Disadvantages” including financial costs.
  9. 17. A framework for setting objectives that are Specific, Measurable, Achievable, Relevant, and Time-bound, providing clarity and direction.
Down
  1. 1. Indirect impacts felt as a result of an event or decision, emphasising the interconnect nature of choices
  2. 3. A collection of individuals who join together to achieve some common goals and objectives.
  3. 5. A choice that individuals and companies make once they have all the information related to the decision topic.
  4. 7. A business that prioritise social, environmental, or cultural objectives.
  5. 8. Advantages
  6. 10. resources A resource that has a lesser amount that desired
  7. 12. An agreement that is reached when each side makes an allowance for the other.
  8. 13. A group of people with authority to govern