Economics Cross Word

2. When individuals, firms, or nations focus on producing what they are best at.
5. NORMS Accepted behaviours within a group that influence decisions.
8. Failure to take action or change due to effort or resistance.
9. When people repeat past behaviour even if irrational.
11. OF LABOUR Breaking production into smaller tasks for efficiency.
12. MARKET An economy driven by private individuals and firms.

1. PROBLEM Scarcity forces choices about how to allocate resources.
3. Shows the maximum possible output combinations of two goods.
4. Assumption that consumers aim to maximise utility.
6. BEHAVIOUR When people follow the crowd rather than making independent choices.
7. An economy where the government makes all production decisions.
10. An economy combining market freedom with government intervention.