Revision for final

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Across
  1. 2. risk bearing and key decision making in business
  2. 3. characteristic of money that each unit of money must be identical
  3. 6. sectors producing services
  4. 8. characteristic of money that make it easy to carry money around
  5. 11. one which takes a larger percentage of the income or wealth of the rich
  6. 13. cost that change with output
  7. 16. sustained rise in the general level of prices of goods and services over time
  8. 18. reward to investment
  9. 19. 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
  10. 20. a market structure where there is only one supplier of a good or service, with the power to affect market supply or prices
  11. 21. government charges imposed on income and wealth, such as income tax and inheritance tax
  12. 24. an increase in the output of an economy and in the long run, an increase in the economy’s productive potential
  13. 25. money a firm earns from its sales, before deducting costs of production
  14. 26. benefits received by those directly consuming or producing a product
  15. 28. one which takes a larger percentage of the income or wealth of the poor
  16. 29. the best alternative forgone
  17. 30. cost which do not change with output in the short run
Down
  1. 1. function of money that enable people to save
  2. 4. function of money that enable people buy and sell
  3. 5. reward to labour
  4. 7. benefits enjoyed by those who are not involved in the consumption and production activities of others directly
  5. 9. function of money enables the value of different items to be compared as prices are expressed in money terms
  6. 10. the merger of firms producing the same product and at the same stage of production
  7. 12. reward to enterprise
  8. 14. a situation where there is not enough to satisfy everyone’s wants
  9. 15. decisions on government spending and taxation designed to influence aggregate demand
  10. 17. taxes imposed on expenditure.i.e. sales taxes such as value added tax (VAT)
  11. 22. goods or services which when consumed create positive spillover effects in an economy, e.g. education, training and health care
  12. 23. reward to land
  13. 27. goods that are essential for survival