Economics

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Across
  1. 1. ________ cost - Change with the level of outputs
  2. 4. _______ economy -Economic system which fully controlled by Goverment (Public sector)
  3. 8. Reward from Enterprise
  4. 9. ________ economies of scale - Benefit enjoyed within the firm
  5. 10. ___________ cost - The Next Best Alternative cost
  6. 11. Reward from Land
  7. 12. Business Know-how
  8. 13. Country that has Mixed economic system in Asia
  9. 16. Process of transforming inputs into outputs
  10. 19. ________ good - Wanted for its Own Sake
  11. 20. Economies of _____ - Advantages enjoyed by the large firms
Down
  1. 2. Economic system is how economies decide on the __________ of resources
  2. 3. Limited Resouces
  3. 5. Economic ______ - An outward movement of PPC
  4. 6. _________ economy - Small percentage of primary sector
  5. 7. Feature of Division of Labour
  6. 14. Reward from Capital
  7. 15. _____ cost - Sum of Fixed cost and Variable cost
  8. 17. Man-made goods
  9. 18. Resources that used to make Output