Across
- 4. Organization with authority to make decisions for the population
- 5. Situation where demand is greater than supply
- 11. Goods and services sold overseas
- 12. All human effort, both physical and intellectual
- 13. An organization that sells goods
- 16. Goods and services which we desire but don’t need
- 17. Basic necessities for life
- 20. The cost of the next-best alternative opportunity
Down
- 1. Place where goods and services are bought and sold
- 2. Action of only doing one part of the process
- 3. Final users of goods and services to satisfy their needs and wants
- 6. Purchase of new capital
- 7. Basic units used to make goods and services
- 8. Physical items used by consumer and services for a profit
- 9. Institution which handles money for households and firms
- 10. Payment earned by entrepreneurs
- 14. Income flows that are removed from the Circular Flow model
- 15. Ability to combine all resources to make something
- 18. Actions done for consumers by producers
- 19. Equipment used to make goods and services