Economics Crossword

3. __________ Methods is how a product is made.
4. Human effort put into the production of goods and services.
5. The increase in average costs of production as output increases is called __________ of scale.
8. _______ Widening is where a firm maintains the rate of growth of it’s capital stock with it’s labour force.
10. The turnout of products from a business.
12. Environmental _____________ refers to the ability to ability to meet the current needs without compromising future needs.
16. Capital _________ is when the rate of growth of capital stock in a business is greater than that of Its labour force.

1. The decrease in average costs of production as output increases is called __________ of scale.
2. the process where goods, money and ideas are moving around the world faster and more cheaply than before.
3. Output per unit of input over time.
6. Investment in labour.
7. Technical _______ refers to the point on the LRAC where average cost is minimal.
9. LRAC stands for the long run ______ cost curve.
11. _____ of products refers to the range of goods that may be produced.
13. __________ change may include changes in machinery and electronics.
14. Putting money into something, in the hope of receiving a return.
15. Total revenue minus total costs.
17. The cost of products.