YEAR 9 ECONOMICS CROSSWORD

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Across
  1. 3. Institution which handles money for households and firms
  2. 4. Final users of goods and services to satisfy their needs and wants
  3. 7. A system where all factors of production, distribution and consumption of goods and services are controlled by the government
  4. 9. Organisations that make goods and services
  5. 10. Payment earned by entrepreneurs
  6. 12. Where actions by one party have impacts on another, particularly economically.
  7. 14. Goods and services which we desire but don’t need
  8. 16. Income flows that are removed from the Circular Flow model. (savings, tax, imports)
  9. 17. The cost of the next-best alternative opportunity
  10. 22. An organization that sells goods
  11. 24. Raw materials used to make goods and services (land, labour, capital & enterprise)
  12. 26. Situation where demand is greater than supply
Down
  1. 1. Reward for the use of resources
  2. 2. Basic necessities for life
  3. 5. Basic units used to make goods and services
  4. 6. Income flows which are added to the Circular Flow of Income model (investment, govt. spending, exports)
  5. 8. All human effort, both physical and intellectual
  6. 11. Place where goods and services are bought and sold.
  7. 13. The study of how people use scarce resources to satisfy needs and wants
  8. 15. Used to pay for goods and services
  9. 18. An economy where people produce only enough goods and services for their own family
  10. 19. Financial assistance given to people by the Government
  11. 20. Place where factors of production are bought and sold.
  12. 21. chain Complex group of firms in many countries each producing a component of a final product.
  13. 23. Physical items used by consumer and services for a profit
  14. 25. Compulsory government levy