1.1.1 Economics as a Social Science 0.0 / 5 ? EconomicsMicroeconomicsASEdexcel Created by: 13clarkenCreated on: 06-02-19 16:59 7524316 Across 1. Economic Agents: ... -> aim to maximise wages and other benefits. Rational ... choose to work in an industry where they get the most reward (7) 5. Economic Agents: ... -> aim to maximise utility (9) 6. The 4 ... of ... are Land, Labour, Capital and Entrepreneurship (7, 10) Down 2. The 4 ... are Consumers, Workers, Firms and Governments (8, 6) 3. Economic Agents: .. -> aim to maximise social welfare (11) 4. Economic Agents: ... -> aim to maximise profits (5) 7. ... is when all other things remain equal (hard in the real world as you can't isolate the effects of one change on another factor) (7, 7)
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