Across
- 7. Providing goods and services to households.
- 10. Consumer _____________ on the circular flow model is what households provide to firms in exchange for goods and services.
- 12. Used to purchase goods and services and provides value to products (Hint: Starts with M).
- 13. The ______________ provides infrastructure such as roads and railways to help businesses.
Down
- 1. The relationship between buyers and sellers.
- 2. On the supply and demand graph, where supply and demand curves meet (Hint: Starts with Eq).
- 3. Somebody who is purchasing products to satisfy wants.
- 4. This sector has the role of collecting savings (deposits) and lending money to firms to grow their business.
- 5. An item that is necessary for living.
- 6. The Economic _______ is that there are limited resources and unlimited wants.
- 8. Economics is about allocating ______ resources to satisfy unlimited wants (Hint: Another word for 'limited')
- 9. An item that is not necessary for living, but nice to have.
- 11. The Australian _______ is the total of all activities undertaken to produce, distribute and consume goods and services within the country.