Across
- 4. occurs when individual workers focus on single tasks, enabling each worker to become more efficient and productive
- 5. refers to people who are jobless or underemployed but official figures do not include them
- 6. a period of temporary economic decline
- 9. the benefits foregone for the next best alternative
Down
- 1. a sustained drop in the price level
- 2. the ability and willingness to buy a good/service at a given price at a particular moment in time
- 3. the basic resources for industrialization, such as labour, land and capital
- 7. limited quantities of resources to meet unlimited wants
- 8. People have desires that can be satisfied with goods or services