Across
- 2. somebody that uses there skills to provide a service for you
- 4. the total value of goods and services and country sells over a year
- 7. the money you make when all the your products have been sold and all the expenditures have been paid for
- 8. the money you earn for doing a certain amount of labour
- 9. money the government collects from the public to pay for certain goods and services
- 10. a person who buys things to use
- 13. flow model illustrates the interdependent relationship between businesses and consumers in a market economy
- 15. having a job that returns an income for the work provided
- 16. a person who creates things to sell
- 17. the problem of having unlimited wants and needs but limited resources
- 18. the money paid by a tenant to live in a house owned by a landlord
- 19. the skills, knowledge and effort you provide for others
Down
- 1. a place people go to buy/trade or sell things
- 3. a rival buisness who makes and/or produces the same thing you do
- 4. handmade things you can buy and tough or feel
- 5. mechanism the way price can affect the supply and demand of goods and services
- 6. of demand when prices rise the quality demanded decreases when the price falls the quality demanded increases
- 11. the impacts that that economic activities can have on people who are not involved in the activity
- 12. the higher the price that a good or service can be sold for the higher the quantity tht suppliers are willing to produce
- 14. how we distribute scares resources among producers