Across
- 2. — Activities that allow money to be saved, borrowed, and transferred safely.
- 5. — Groups that decide how income is spent while also supplying labour to firms.
- 9. — A situation where labour is actively used in production.
- 10. — People whose earnings are most directly affected when employment falls.
- 15. — The cost of borrowing money and the reward for saving it.
- 16. — Allows trade with many sellers without needing goods or labour in exchange.
- 17. — A decision that must be made because resources and income are limited.
- 18. — An institution that accepts savings and provides loans to households and firms.
- 19. — Choosing to reduce present consumption to protect future spending ability.
Down
- 1. — Desires that increase with income but are not essential for survival.
- 3. — Physical products that can be stored and sold later, unlike services.
- 4. — Buyers whose choices determine which goods continue to be produced.
- 6. — A factor of production that cannot be stored for future use.
- 7. — The final use of goods and services to satisfy human wants.
- 8. — A system where prices change due to buyers’ and sellers’ decisions.
- 10. — Income that increases when labour becomes scarce relative to demand.
- 11. — Economic agents that adjust output based on consumer demand.
- 12. — The main limit on how much a household can spend.
- 13. — A choice that reduces savings but increases current consumption.
- 14. — Wants that must be satisfied before non-essential desires.