Economics: How markets work

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  • Created by: samstarrz
  • Created on: 12-04-14 15:20
E S N D R Q W N J L K V N E T M S V X A E
M E I E U I D O M W I O D N T J P F N D X
D X G R O C O N M R G Y L O N V E R Y E S
O T V I B H K R F J Y T R R E C C E H G N
Q T E V A S L E D C Q I E M M X I E J U L
O Y V E L O N N U F J C N A E K A M X U S
T V J D F P K E V A B I E T T D L A T C D
G O G D O P E W C J D T W I A X I R O V P
M H Q E N O N A N K S S A V T J S K V G H
E G C M O R C B Y N H A B E S A A E R A W
G G E A I T E L E S N L L S E Y T T Q V H
G V F N S U P E V H E E E T V K I E F D B
F F Y D I N B R X H L Y R A I K O C D O K
C Q F K V I S E Y L A R E T T M N O P E X
K H I K I T A S Q X K A S E I W U N D H Q
B I D N D Y I O I Q I T O M S P S O J K Y
T I Y B Q C A U D X O I U E O C K M L S H
T Q I T V O C R E A V N R N P S A Y P I A
A U Q H X S U C D M Q U C T Q E O P M O N
S B L C E T A E L R H R E B X F O M U A K
G L L L F B N M Q W K R M N P W L L Y C U

Clues

  • A statement containing value judgement (9, 9)
  • A statement of fact, that can be tested true or false (8, 9)
  • If PED is equal to 1 (7, 10)
  • Stock levels are depleted over time due to economic exploitation (3, 9, 8)
  • Stock levels can be maintained over a period of time (9, 8)
  • The demand for the good or service it produces not the labour itself (7, 6)
  • The loss of the value of the next best alternative foregone (11, 4)
  • Where an individual, firm, region, country concentrates on the production of a limited range of goods and services (14)
  • Where resources are allocated by the price mechanism (4, 6, 7)
  • Where the production process is broken down into a sequence of stages and workers are assigned to a particular stage (8, 2, 6)

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