Economics Crossword

2. An organization that sells goods
7. Actions done for consumers by producers
10. Financial assistance given to people by the Government
11. Organization with authority to make decisions for the population
13. Place where goods and services are bought and sold.
15. All resources provided by nature
17. Situation where demand is greater than supply
18. Action of only doing one part of the process
24. Physical items used by consumer and services for a profit
25. A system which allows private ownership of the factors of production
27. A company that operates in many countries with independent headquarters in each.(McDonalds)
29. Raw materials used to make goods and services (land, labour, capital & enterprise)
32. Ability to combine all resources to make something (plan, recipe, system etc)
34. Basic necessities for life
36. Payment per hour for labour
37. A system where all factors of production, distribution and consumption of goods and services are controlled by the government
38. Place where goods and services are bought and sold (Coles, Seek.com, Fremantle markets) Same as Market
40. An economy where people produce only enough goods and services for their own family
41. Equipment used to make goods and services
43. Complex group of firms in many countries each producing a component of a final product.
44. Payment for use of land

1. Income flows which are added to the Circular Flow of Income model (investment, govt. spending, exports)
3. Where actions by one party have impacts on another, particularly economically.
4. Organisations that make goods and services
5. Used to pay for goods and services
6. Payment per year for labour
8. That part of earnings not spent
9. Institution which handles money for households and firms
12. The cost of the next-best alternative opportunity
14. Place where factors of production are bought and sold.
16. All human effort, both physical and intellectual
19. Final users of goods and services to satisfy their needs and wants
20. Reward for the use of resources
21. Goods and services sold overseas
22. A system where factors of production are owned by the government
23. Goods and services which we desire but don’t need
26. A company which operates in several countries with its headquarters in the parent country. (Apple)
28. Money paid at a particular rate for the money lent
30. Basic units used to make goods and services
31. Payment earned by entrepreneurs
32. The study of how people use scarce resources to satisfy needs and wants
33. Compulsory government levy
35. Goods and services bought from overseas
39. Income flows that are removed from the Circular Flow model. (savings, tax, imports)
42. Purchase of new capital