Across
- 7. Money borrowed from a bank or financial institution that must usually be repaid.
- 8. A business owned and operated by one person.
- 9. A situation where there are not enough resources to satisfy everyone's wants.
- 10. Money that is spent to buy goods and services.
- 12. Something people buy to satisfy a need or want.
- 16. An activity provided to meet a need or want, such as banking or hairdressing.
- 18. A tax added to most goods and services in Australia.
- 19. The amount of a product that consumers are willing and able to buy.
- 20. The amount of a product that producers are willing and able to sell.
Down
- 1. Money a business earns from selling goods or services.
- 2. The currency used in Australia.
- 3. Money a person receives, often from working.
- 4. A person who buys goods or services.
- 5. A place where buyers and sellers exchange goods and services.
- 6. The amount of money charged for a good or service.
- 11. A person or business that makes or provides goods and services.
- 13. Money left over after a business subtracts its costs from its revenue.
- 14. Money a business must spend to operate.
- 15. Things people must have to survive, such as food, water and shelter.
- 17. Things people would like to have but can live without.