Economics vocabulary crossword

Edit Answers
1234567891011121314151617
Across
  1. 3. Natural resources or space needed for a business to produce output.
  2. 6. The ideas and innovations at the top of a company that drive it forward.
  3. 10. Demand for these goods is positively correlated with income levels.
  4. 12. Income from a business's sales or trading activities.
  5. 13. Positive or negative effects derived from the production and consumption of goods and services.
  6. 14. The sector of industry that focuses on the extraction of natural resources.
  7. 15. Humans needed to help a business operate and produce output.
  8. 16. _________________ of scale is the concept of firms enjoying a lower average cost due to growth or increased output.
  9. 17. _______________ costs do not change directly change with output.
Down
  1. 1. The sector of industry that focuses on providing services.
  2. 2. Finance, technology, machinery or man-made equipment needed to run a business.
  3. 4. The sector of industry that focuses on manufacturing or producing goods out of materials and components.
  4. 5. Tangible objects that firms produce for consumers.
  5. 7. Demand for these goods is negatively correlated income levels.
  6. 8. __________________ costs change directly with output.
  7. 9. Intangible benefits that people pay for.
  8. 11. __________________ of scale is the concept of firms experience a higher average cost of production due to growth or increased output.