Across
- 3. Goods or services that are required for our survival.
- 7. Buying and using goods and services.
- 10. The production, distribution and consumption of goods and services needed to satisfy consumers wants and needs.
- 12. The human skills and effort required in the production process
- 13. Making or providing goods and services.
- 16. Goods or services that are not necessary for our survival but we would wish we could have
Down
- 1. Material that satisfies a human’s wants, tangible products can be seen or touched.
- 2. An activity that is done for the purchaser, it is intangible, it cannot be seen or touched
- 4. Describes a consumer's desire and willingness to pay a price for a specific good or service.
- 5. A function of international trade whereby goods produced in one country are sold to another country.
- 6. Total amount of a specific good or service that is available to consumers.
- 8. The ability to recognise the demand for new goods or services, and to start up a new business or expand an existing business to attempt to satisfy that demand
- 9. Part of international trade where purchases of good or services are from an overseas country.
- 11. A system whereby parties engage in an exchange of goods and services for money from buyers
- 14. Equipment used by human labour in the process of production.
- 15. Raw materials and other natural resources that go into the production of goods and services