Economics Crossword 0.0 / 5 ? AccountingEconomicsNational 5SQA Created by: ClareCrawfordCreated on: 21-02-16 15:55 Something that someone would like to have but is not necessarily needed for survival. Want 1 of 11 Limited resources and unlimited needs and wants Basic Economic Problem 2 of 11 Man made resources that allow us to produce goods and services. For example, money or machinery. Capital 3 of 11 To spread resources in the best way possible. Economic Efficiency 4 of 11 How an economy decides what goods and services to produce, how to produce them and also who to produce them for. Economic System 5 of 11 Things used in the work of a business such as land and capital. Factors of Production 6 of 11 A type of economy that is entirely controlled by private sector organizations with no taxes Market economic system 7 of 11 Sector of the economy which is owned by the government and funded by taxpayer's money. Public Sector 8 of 11 The ability of any factor of production to relocate Mobility 9 of 11 One of the factors of production - any natural resource. Land 10 of 11 Where people and firms produce goods, exchange and consume them. Can be of any size with any amount of people and firms in it. Economy 11 of 11
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