Economics Topic Test Revision

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Across
  1. 3. Law of Demand - when prices rise, the _____ demanded will fall.
  2. 4. The T of SWOT.
  3. 6. A factor of production that includes machinery, tools and buildings.
  4. 7. Things you or your business own.
  5. 10. Law of Supply - when prices ____, the quantity supplied will also rise.
  6. 15. Buyers.
  7. 18. A business that has 2 to 20 owners.
  8. 19. Something that causes prices of products to fall.
  9. 20. A business that has one owner.
  10. 21. A type of economy where the government makes all the decisions.
  11. 22. A factor of production that includes ideas and ingenuity.
  12. 23. Money owed to a lender.
  13. 24. The owner/s is responsible for all debts (1st word).
  14. 25. The type of economy where people produce only the goods needed for themselves.
  15. 28. A factor of production that includes all human work.
  16. 29. Businesses use the SWOT framework to cope with a ____ market.
  17. 31. Any situation where people exchange goods or services.
Down
  1. 1. Independent people buy the rights to selling a parent company's products.
  2. 2. Something you can pay someone to do for you.
  3. 5. The W of SWOT.
  4. 8. The S of SWOT.
  5. 9. Sellers.
  6. 11. A business owned by many shareholders who do not necessarily work at the company.
  7. 12. The amount of goods producers are willing to sell.
  8. 13. The type of economy Australia has.
  9. 14. The O of SWOT.
  10. 16. The root of the economic problem.
  11. 17. The amount of goods consumers are willing to buy.
  12. 22. The price and quantity agreed on by both producers and consumers.
  13. 26. The owner/s is responsible for all debts (2nd word).
  14. 27. The main factor affecting demand.
  15. 28. A factor of production that includes natural resources.
  16. 30. Physical items available for purchase.