Revision

4. This occurs at the intersection between demand and supply
6. The desire and willingness to buy a particular product.
7. Changes in all other determinants of demand other than price causes this on the demand/ supply curve
8. The final users of a product.
12. Spill over effects of production or consumption that fall on a third party.
14. The desire, willingness and ability to provide a product.
16. the cost advantages that accrue to a firm as the firm increases
19. The factor of production that deals with man made items
20. When workers lose their jobs due to a decline in activity of a firm.

1. When firms use mostly machine in production.
2. The desire, willingness and ability to buy a product at a particular price
3. The change of raw material into a finished product.
5. All other thing being constant
9. An economic system whose resources are owned and allocated by both the private and public sector
10. Any mechanism used to facilitate the interaction of buyers and sellers.
11. This occurs when only one good is affected on a PPF whether an improvement or deterioration
13. Changes in prices causes this on the demand or supply curve
15. The measure of output per unit of input.
17. This type of business is owned by a number of individuals who have purchased shares.
18. A market structure in which there are few sellers competing in the market.