Across
- 3. man-made aids to production
- 5. the quantity and quality of human resources
- 6. a sustained fall in the general price level
- 9. the willingness of an entrepreneur to take risks and organise production.
- 12. withdrawals from possible spending from the circular flow of income.
- 13. the quantity of a product that consumers are able and willing to purchase at various price levels
Down
- 1. the quantity of a product that producers are willing and able to provide at different market prices over a period of time
- 2. the study of how to allocate scarce resources in the most effective way
- 4. the output of goods and services
- 7. products bought from abroad
- 8. a situation where people are out of work but are willing and able to work
- 10. the difference between total revenue for a producer and total cost
- 11. a sustained rise in the price level
- 12. natural resources in an economy
