Across
- 2. also known as factors of production
- 3. actions that fulfil needs or wants
- 6. tangible things that satisfy needs and wants
- 9. the football team Ms Speed supports
- 11. economic decisions are made by the private sector
- 12. the study of decisions and outcomes that result from scarcity
- 14. a type of resource that includes factories and machinery
Down
- 1. sacrificing the next best alternative for your first choice
- 4. raw materials used in the production of goods and services
- 5. government controls what is produced and for whom
- 7. economic system based on inheritance and ritual
- 8. human skills and resources that go into the production of a good or service
- 10. the problem of finite resources and infinite wants
- 13. the type of economic system Australia utilises