Basic Concepts of Economics

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Across
  1. 1. The feature of utility varies from person to person, time to time or place to place for the same individual.
  2. 2. Utility Transferring goods from the factory to retail shops creates
  3. 6. the goods which are necessary for the very existence of human life.
  4. 8. act of using goods and services to satisfy human wants
  5. 9. the amount of goods and services demanded in that market
Down
  1. 1. a downward trend in the level of economic activity.
  2. 3. the act of using productive resources for the production
  3. 4. Saving done by individuals, by families and by business firms
  4. 5. the human effort, both physical and mental, involved in the process of production.
  5. 7. the value of a commodity measured in monetary units such as rupees.