Across
- 2. The amount of a product or service available for sale.
- 3. The part of an economy where businesses control supply and prices with little government intervention.
- 5. Resources like land, labour, and capital that are needed to produce goods.
- 6. A type of economy where the government controls all major economic decisions.
- 7. The factors influencing the choice between a government-run system and market-driven systems.
- 10. The amount of a product consumers are willing to buy at a certain price.
- 11. The market's demand is higher than the supply, causing this to rise.
- 13. The total amount of work required to produce a product.
- 15. A type of economy where businesses set prices with little government involvement.
- 16. The act of selling a product or service at a higher price due to increased demand.
Down
- 1. The amount of money a business receives from selling goods or services.
- 4. The total of goods and services produced in a country.
- 8. The type of resources that include buildings, machinery, and tools used in production.
- 9. What businesses must manage in order to be profitable.
- 12. A business owner who organizes and manages the factors of production.
- 14. The willingness of a customer to buy a good at different prices.