YEAR 9 ECONOMICS

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Across
  1. 2. BELIEVED THAT SUPPLY CREATED ITS OWN DEMAND.
  2. 5. SYSTEM WHERE RESOURCES ARE PRIVATELY OWNED AND CAN BE USED AS THIER OWNERS PREFER.
  3. 6. EXISTS WHERE BUYERS AND SELLERS FREELY EXCHANGE GOODS AND SERVICES AT A PRICE.
  4. 7. WHEN AN ACTIVITY IS BROKEN INTO SPECIFIC PARTS AND COMPLETED BY DIFFERENT PEOPLE TO INCREASE OUTPUT.
  5. 10. AUSTRALIAN CURRENCY.
  6. 13. CO-WROTE "THE COMMUNIST MANIFESTO".
  7. 15. SYSTEM WHERE ALL RESOURCES ARE OWNED BY THE GOVERNMENT.
  8. 16. THE QUANTITY THAT PRODUCERS ARE PREPARED TO SELL AT EACH PRICE.
  9. 18. BELIEVED THE GOVERNMENT NEEDED TO STEP IN WHEN THE ECONOMY WAS IN TROUBLE.
Down
  1. 1. KEYNES STRONGLY OBJECTED TO THIS TREATY.
  2. 3. MALTHUS WROTE ABOUT THE RELATIONSHIP BETWEEN FOOD SUPPLY AND THIS.
  3. 4. THE QUANTITY THAT PEOPLE ARE PREPARED TO BUY AT EACH PRICE.
  4. 7. MEANS NOT ENOUGH TO BE USED FOR EVERY PURPOSE.
  5. 8. THIS REVOLUTION, WHICH STARTED IN ENGLAND, CHANGED THE NATURE OF ECONOMICS.
  6. 9. HAYEK BELIEVED THIS WOULD BE CAUSED WHEN UNEMPLOYMENT DECREASED.
  7. 11. STUDY OF HOW PEOPLE CHOOSE TO USE SCARCE RESOURCES.
  8. 12. INCLUDES LAND, LABOUR, CAPITAL AND ENTERPRISE.
  9. 14. FATHER OF ECONOMICS.
  10. 17. VALUE OF AN ITEM IN MONETARY TERMS.
  11. 19. RECEIVED THE NOBEL PRIZE FOR GAME THEORY.