Economy

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Across
  1. 2. resources that are allocated by the power of demand and supply through the price mechanism
  2. 5. The way in which economy works
  3. 7. One factor of production is fixed
  4. 8. Human resources
  5. 9. Cannot be sold in the market
  6. 10. when all factors of production are variable
  7. 13. Concentrating on producing goods and services
  8. 15. when resources are limited but wants are unlimited
  9. 16. study of individual markets
  10. 17. The concepts that economists seek to model and explain
  11. 18. All other things being equal
  12. 19. Anything made by humans to aid production
  13. 21. The cost of choice in terms of the next best alternative
  14. 22. when the state controls and directs all economic activity
Down
  1. 1. study of whole economy or group of economics
  2. 3. Statement that can be proved
  3. 4. both labour and capital are variable
  4. 6. Natural resources
  5. 11. A form of human capital
  6. 12. Statement that Cannot be proved
  7. 14. Easily sold in the market
  8. 20. when people needs to make wise decisions