1 What is the economic problem? 0.0 / 5 ? Economicseconomic problemspecialisationscarcity, choice and opportunity costGCSEOCR Created by: Former MemberCreated on: 20-12-13 12:34 81092137564 Across 1. something you would like to have but is not essential to survival (5) 4. labour is the human input into the production process (6) 5. Goods that are used to produce other goods and sevicies (7) 6. something essential for survival (5) 7. is deciding between different uses of scarce resources (6) 10. owned and run by private indivisuals an groups with an objective to make the biggest profit possible, increase market share etc (7, 6) Down 2. Having ideas and taking risks in setting up or running a business (10) 3. raw matierials are manufacturedinto goods (9) 8. measure of value (4, 2, 6) 9. where someone is specialised in a certain skill and over time becomes better at it therefore more productive with his/hers work (14)
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