Basics in Economics

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