Across
- 4. a person or business who sells or trades goods and services
- 7. a plan for achieving goals
- 11. a business or person who employs workers to produce goods and services
- 14. someone who is ignored or not accepted by the people around them
- 16. the machinery used to run a business
- 19. the amount of money a business earns after taking away the expenses that it has to pay
- 20. a person who works for a business or organisation
- 23. the percentage of people who are unemployed out of all the people who are able to work
- 25. any item or medium of exchange that symbolizes perceived value
- 27. an economic decision made because of scarcity
- 31. products traded within the market, items
- 33. the way participants in an economy rely on each other to provide the goods and services they cannot produce themselves
- 34. the amount of money a person who borrows money will have to pay the bank on top of the original amount borrowed
- 36. the innovation of individuals who combine the three factors of production to create a new product or service
- 39. the human resources used to help a business run
- 40. the exchange of resources among buyers and sellers
- 41. how scarce resources are distributed among producers
Down
- 1. a type of scarcity, the problem that arises due to the overall lack of a resource; it is finite
- 2. bringing in goods from another country
- 3. economic resources that are a part of a business
- 5. a series of questions that are asked to a group of people to gather information about a public opinion
- 6. the performance of an economy evaluated based on a number of objectives
- 8. the total value of goods/sevices produced in a country over a year, three words
- 9. when a business outperforms another with cheaper or better products
- 10. when a business focuses on producing one or few products to be more efficient in the area
- 12. the natural resources used in the production of a business
- 13. the money paid to an employee in exchange for their labour
- 15. the activity of buying, selling or exchanging goods or services between people or countries
- 17. the level of wealth, material goods, comfort and life necessities in a geographical area
- 18. what you miss out on when making a choice, the next best unchosen option
- 21. having a job the returns income for the work provided
- 22. things that we physically cannot survive without
- 24. a type of scarcity, the problem that arises due to our unlimited wants yet limited resources to fufil them
- 26. the study of how people use resources to satisfy their needs and wants
- 28. things that we desire but can survive without
- 29. the economic problem of society having unlimited wants but limited resources to support them
- 30. a person or business who purchases or trades for goods and services
- 32. services performed by others for consumers
- 35. natural or made materials that can be used to produce goods and services, can be divided into the four factors of production
- 37. sending goods to another country
- 38. the general increase in prices of goods and services