Across
- 2. The money workers are paid each week
- 5. Your total money after you have deducted total costs from your total revenue
- 7. When you act without considering other you are
- 9. Output divided by input
- 10. When everything is the same they are h____
- 11. Factor of production including machinery and buildings
- 13. Increasing output to reduce average costs is known as ____ of scale
- 15. Coming up with new ideas and ways of doing things
Down
- 1. The number of different firms in a market
- 3. Doing things quickly, cheaply and effectively
- 4. Legal documents to stop you copying ideas
- 6. Things preventing new firms from joining a market are called _____ to entry
- 8. When there is only one firm in the market
- 12. A method of making your product appealing through convincing people (e.g. posters)
- 14. ____ costs = expenditure you cannot recover