Basics in Economics

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Across
  1. 2. Equipment and structures in production process
  2. 4. Shifts production possibilities curve outwards
  3. 5. Process of combining land, labour and capital
  4. 7. Physical and mental efforts of people
  5. 11. All resources are not fully utilized
  6. 13. Maximum possible combinations of the 2 goods that can be produced with given resources and technology
  7. 14. Owners of factors of production
  8. 15. Unlimited wants and limited resources
Down
  1. 1. The value of best forgone alternative
  2. 3. Inputs in production process
  3. 6. Points beyond the boundary of an economy’s production possibilities curve
  4. 8. Factor incomes from labour activities
  5. 9. Gifts of nature
  6. 10. All resources are fully used
  7. 12. Consumer goods and services