checklist 11 task 1 Crossword

An economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held by a company to produce positive economic value. Simply stated, it represents value of ownership that can be converted into cash (although cash itself is also considered an asset).
Man-made (manufactured) goods that are used in producing other goods and services, rather than being bought by consumers.
A negative externality, or a cost that a transaction or activity imposes on a party that is not part of the transaction or activity. In other words, it is a cost imposed on a party that cannot control whether or not the transaction or activity occurs.
All resources or inputs used to produce goods and services: land, labour, capital and enterprise.
A consumer good. Any good or service which is produced and subsequently consumed by the consumer, to satisfy his or her current wants or needs. Consumer goods are goods that are ultimately consumed rather than used in the production of another good or service.
An investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control.
Gross Domestic Product - the total value of goods produced and services provided in a country during one year.
A measure of the total output of a country that takes the gross domestic product (GDP) and divides it by the number of people in that country.
An index of economic growth with the environmental consequences of that growth factored into a country's conventional GDP. Green GDP monetises the loss of biodiversity, and accounts for costs caused by climate change.
The total value of goods produced and services provided in a country during one year.
GDP + net income from abroad. The total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by non-residents.
The underground economy. This refers to illegal economic activity. Transactions here are illegal either because the good or service being traded is illegal or because an otherwise licit transaction does not comply with government reporting requirements (e.g., cash jobs for building services).
How a nation's total GDP is distributed amongst its population.
A sustained increase in the general price level (average level of prices).
Resources or factors of production (land, labour, capital and entrepreneurship) used to produce goods and services.
Micro - the purchase of capital goods by firms. Macro - An increase in the capital stock, or gross fixed capital formation.
The equilibrium price of a good or service determined where supply equals demand.
The amount of value an item or a service has in relation to if it were sold for cash to a willing buyer.
A cost that is suffered by a third party as a result of an economic transaction. In a transaction, the producer and consumer are the first and second parties, and third parties include any individual, organisation, property owner, or resource that is indirectly affected.
The current value of goods and services produced by an economy in a given year; i.e., this is GDP without accounting for the effect of inflation.