Across
- 2. Things we wish we could have
- 6. Limited resources and unlimited wants results in this
- 8. When consumers want to buy a product or service
- 9. Can be considered when asking 'how to produce'
- 11. The first economic question that businesses must ask
- 12. Consumers change these depending on trends and changing tastes
- 15. All businesses need to ask 3 basic _____________ questions
- 17. Production and consumption of goods and services in a region
- 18. Businesses can influence consumers to buy their product by doing this
- 20. The amount of money that households have to spend
- 22. Used instead of people to keep wages down, especially in factories
Down
- 1. Answering the economic questions helps a business to have an __________ use of resources
- 3. Items we have for our survival
- 4. Tools and machinery are an example of this
- 5. Resources that consist of labour and ideas
- 7. Exchange of goods and services between buyers and sellers
- 10. The next best alternative option that we give up
- 13. Over the past 20 years, we have seen a lot of this in new products
- 14. Consists of natural, human and capital
- 16. People who buy goods and services
- 19. Known as a combination of labour, equipment and raw materials
- 21. Can influence who a business supplies goods and services to