Markets in Action

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

Clues

  • an economic system in which most resources are state owned and also allocated centrally (7, 7)
  • any position in the market where demand and supply are NOT equal (14)
  • the concentration by a worker or workers, firm, region or whole economy on a narroew range of goods and services (14)
  • the desire for a product (8, 6)
  • the difference between the price a producer is willing to accept and what is actually paid (8, 7)
  • the extra amount that a consumer is willing to pay for a product above the price that is actually paid (8, 7)
  • the maximum output that an economy is capable of producing (10, 9)
  • the price where demand and supply are equal (11, 5)
  • the specialisation of labour where the production process is broken down into seperate tasks (8, 2, 6)
  • the willingness and ability to buy a product (9, 6)

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