Across
- 1. Equipment used to make goods and services
- 3. Income flows that are removed from the Circular Flow model. (savings, tax, imports)
- 7. A system where all factors of production, distribution and consumption of goods and services are controlled by the government
- 9. Where actions by one party have impacts on another, particularly economically.
- 11. A company that operates in many countries with independent headquarters in each.(McDonalds)
- 14. The cost of the next-best alternative opportunity
- 15. A system where factors of production are owned by the government
- 16. Income flows which are added to the Circular Flow of Income model (investment, govt. spending, exports)
Down
- 2. A company which operates in several countries with its headquarters in the parent country. (Apple)
- 4. Financial assistance given to people by the Government
- 5. An economy where people produce only enough goods and services for their own family
- 6. Complex group of firms in many countries each producing a component of a final product.
- 8. Ability to combine all resources to make something (plan, recipe, system etc)
- 10. Raw materials used to make goods and services (land, labour, capital & enterprise)
- 12. Place where factors of production are bought and sold.
- 13. Institution which handles money for households and firms