APPLIED ECONOMICS

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Across
  1. 1. - authoritative system
  2. 6. - man-made resources
  3. 9. - good and services are in balance
  4. 11. - best foregone alternative
  5. 12. - limited nature of resources
  6. 14. - control over supply
  7. 15. - equation
  8. 16. - Focuses on consumers
  9. 18. - state of equal and balanced
  10. 19. - efforts of human
  11. 23. - operates a business
  12. 25. - Large number of sellers
  13. 28. - Good is scarce
  14. 30. - Two seller of commodity
  15. 31. - easy to enter easy to exit
  16. 32. - study of how society use scarce resources
  17. 33. - soil and natural resources
  18. 36. - most democratic system
  19. 37. - essential
  20. 38. - supply is limited
Down
  1. 2. - He described economic as study of mankind
  2. 3. - Based on traditions
  3. 4. - physical and human efforts
  4. 5. - interaction of buyers and sellers
  5. 7. - sells a homogeneous product
  6. 8. - processed material
  7. 9. - No competition
  8. 10. - One
  9. 13. - similar in nature but not in homogeneous
  10. 17. - problem of having unlimited wants
  11. 20. - non-essential
  12. 21. - two
  13. 22. - Focuses on sellers
  14. 24. - process of setting prices of good
  15. 26. - came from nature
  16. 27. - overall performance
  17. 29. - Few seller
  18. 34. - specific type of oligopoly
  19. 35. - seller