Unit 1 Key Terms 4.5 / 5 based on 2 ratings ? EconomicsUnit 1GCSEOCR Created by: Emilyy11Created on: 19-03-14 16:51 10958132764 Across 1. output per worker per period of time (12) 4. the amount of money a firm receives when selling its product (not considering total costs) (5, 7) 8. where all resources are allocated by private individuals and groups (6, 7) 9. where all resources are allocated by the government (7, 7) Down 2. when one firm seeks to take control of another (this can be either friendly or hostile) (8) 3. something used to produce output (9) 5. the quantity buyers are willing and able to buy at a given price in a given period of time (6) 6. when more is produced than is required. The surplus can be exchanged for money or other goods/services (7) 7. the number of goods or services produced by a firm (6) 10. where some resources are allocated by the government, and other resources are allocated by private individuals and groups (5, 7)
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