Across
- 6. sectors producing services
- 8. one which takes a larger percentage of the income or wealth of the poor
- 10. risk bearing and key decision making in business
- 12. reward to investment
- 16. reward to land
- 17. function of money enables the value of different items to be compared as prices are expressed in money terms
- 18. an increase in the output of an economy and in the long run, an increase in the economy’s productive potential
- 19. the best alternative forgone
- 20. cost which do not change with output in the short run
- 21. function of money that enable people buy and sell
- 22. decisions on government spending and taxation designed to influence aggregate demand
- 23. the merger of firms producing the same product and at the same stage of production
Down
- 1. one which takes a larger percentage of the income or wealth of the rich
- 2. reward to enterprise
- 3. characteristic of money that each unit of money must be identical
- 4. characteristic of money that make it easy to carry money around
- 5. reward to labour
- 7. benefits enjoyed by those who are not involved in the consumption and production activities of others directly
- 9. cost that change with output
- 11. the merger of one firm with another firm that either provides an outlet for its products or supplies it with raw materials, components or the products it sells
- 13. a situation where there is not enough to satisfy everyone’s wants
- 14. function of money that enable people to save
- 15. benefits received by those directly consuming or producing a product