Chapter one: The reason for individuals, organisations and societies having to make choices

Teacher recommended

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D I V I S I O N O F L A B O U R M K F X K
S P E C I A L I S A T I O N J J D U A L W
S F V C J J D L O D B J V L E D E A C I E
K E C O N O M I C P R O B L E M V D T N C
Q T J U T K Y F T V X M R C T M E C O V Y
J V O V J J W W R D F E E V G J L F R O U
Q U U K U X P J V U W V X Q K E O K O U U
L C Q G K J X J A M A O K K D W P H F R U
H W V Q Y G K F T D V H T N N B I O P G P
J U M A C R O E C O N O M I C S N M R O P
S T L I D V N D K C B O S Q C C G Y O X A
B B N N J K A L U Q Q D K V H E E T D V W
K N F N T M B U B Y S M C N V J C C U V T
V E W K W E X V W C N L U E N U O I C S F
E N T R E P R E N E U R S H I P N S T A H
E C O N O M I C S Y S T E M G G O W I G Y
D D D E V E L O P E D E C O N O M Y O X A
L C H N N R Q R C T C E Q Y J S Y Q N X Q
V P R O D U C T I V E P O T E N T I A L G
S G E D A R M H T M A V K W A S S W A L L
J A T A L F S D B O N R E Q C G M X L J O

Clues

  • an economy with a high level of income per head (9, 7)
  • an economy with a relatively low level of income per head (10, 7)
  • how to allocate scarce resources among alternative uses (8, 7)
  • the concentration by a worker or workers, firms, region or a whole economy on a narrow range of goods and services (14)
  • the maximum output that an economy is capable of producing (10, 9)
  • the resource inputs that are available in an economy for the production of goods and services (6, 2, 10)
  • the specialisation of labour where the production process if broken down into separate tasks (8, 2, 6)
  • the study of issues that affect economies as a whole (14)
  • the way in which production is organised in a country or group of countries (8, 6)
  • the willingness of an entrepreneur to take risks and organise production (16)

Comments

davidsalter

Report

This is a set of 36 flash cards covering the basic economic problem and the early parts of the AS course.

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