Across
- 2. A short term business objective is to ... even
- 10. Revenue-costs = ...
- 11. DVD players and DVDs
- 12. Subsidies shift the supply line to the
- 14. Revenue=price x ...
- 15. The sector of the economy that design and marketing jobs are in
- 16. The sector of the economy made up of government run organisations
- 19. When income rises and demand for the good falls it is known as a ... good
- 22. Spending on capital is known as...
- 24. Gross income - tax = ... income
- 25. Income paid which has not been adjusted for the effects of inflation
- 26. One of the ways a monopoly can be achieved, when two firms join together
Down
- 1. rice and pasta
- 3. A type of monopoly given by the government e.g. to allow just one local water firm
- 4. When price rises demand will
- 5. The value of the next best alternative foregone: ... cost
- 6. One of the factors of production
- 7. Are hourly wages a fixed or a variable cost?
- 8. When a 2% increase in price leads to a 2% decrease in quantity demanded, the good has this kind of elasticity
- 9. If a textiles factory bought a cotton farm this would be an example of backwards ... integration
- 13. If a 4% increase in price leads to an 8% increase in quantity supplied, what is the PES equal to?
- 17. The kind of economy the UK is
- 18. If a firm has a 25% market share we say it has a
- 20. Money can be used to agree future payments so it is a means of ... payment
- 21. When price falls demand will
- 23. The basic economic problem is that resources are...