Economics Crossword

4. A system where factors of production are owned by the government
10. Organisation with authority to make decisions for the population
12. The study of how people use scarce resources to satisfy needs and wants
13. Complex group of firms in many countries each producing a component of a final product.
14. The cost of the next-best alternative opportunity
15. A system which allows private ownership of the factors of production
16. A system where all factors of production, distribution and consumption of goods and services are controlled by the government
19. Income flows which are added to the Circular Flow of Income model (investment, govt. spending, exports)
20. An economy where people produce only enough goods and services for their own family

1. Where actions by one party have impacts on another, particularly economically.
2. Situation where demand is greater than supply
3. Compulsory government levy
5. A company that operates in many countries with independent headquarters in each.(McDonalds)
6. Raw materials used to make goods and services (land, labour, capital & enterprise)
7. A company which operates in several countries with its headquarters in the parent country. (Apple)
8. Income flows that are removed from the Circular Flow model. (savings, tax, imports)
9. Financial assistance given to people by the Government
11. Place where goods and services are bought and sold (Coles, Seek.com, Fremantle markets) Same as Market
17. Place where goods and services are bought and sold.
18. Place where factors of production are bought and sold.