Across
- 6. National Company A company that operates in many countries with independent headquarters in each.(McDonalds)
- 11. Raw materials used to make goods and services (land, labour, capital & enterprise)
- 14. Payment for use of land
- 15. Goods and services which we desire but don’t need
- 17. Ability to combine all resources to make something (plan, recipe, system, etc.)
- 18. Reward for the use of resources
- 19. Physical items used by consumer and services for a profit
- 20. Compulsory government levy
- 21. Basic units used to make goods and services
- 24. Money paid at a particular rate for the money lent
- 26. Final users of goods and services to satisfy needs and wants
- 30. Situation where demand is greater than supply
- 32. All resources provided by nature
- 34. Place where goods and services are bought and sold.
- 37. Payment per year for labour
- 39. Payment per hour for labour
- 42. The study of how people use scarce resources to satisfy needs and wants
- 43. Complex group of firms in many countries each producing a component of a final product.
- 44. Place where factors of production are bought and sold
- 45. Financial assistance is given to people by the Government
Down
- 1. Organization with authority to make decisions for the population
- 2. Income flows which are added to the Circular Flow of Income model (investment, govt. spending, exports)
- 3. Goods and services bought from overseas
- 4. Where actions by one party have impacts on another, particularly economically.
- 5. Goods and Services sold overseas
- 7. Income flows that are removed from the Circular Flow Model. (savings, tax, imports)
- 8. Institute which handles money for households and firms
- 9. Used to pay for goods and services
- 10. All human effort, both physical and intellectual
- 12. Cost The cost of the next-best alternative opportunity
- 13. Purchase of new capital
- 16. That part of earnings not spent
- 22. A system where all factors of production, distribution and consumption of goods and services are controlled by the government
- 23. Place where goods and services are bought and sold (Coles, Seek.com, Fremantle markets) Same as Market
- 25. A company which operates in several countries with its headquarters in the parent country. (Apple)
- 27. Basic necessities for life
- 28. Action of only doing one part of the process
- 29. Organisations that make goods and services
- 31. A system which allows private ownership of the factors of production
- 33. An economy where people produce only enough goods and services for their own family
- 35. Payment earned by entrepreneurs
- 36. A system where factors of production are owned by the government
- 38. Equipment used to make goods and services
- 40. Actions done for consumers by producers
- 41. An organisation that sells goods