Economics Key Terms Sept-Dec 2016 Crossword

Human needs are unlimited and resources are limited
The next best alternative forgone
A statement that is based on facts and figures
A statement that is based on personal judgement and opinion
The amount of goods/services consumers are willing to pay at a given price
The amount of goods/services firms are willing to sell at a given price
The point where demand intersects with supply
There are more consumers willing to buy these products than the amount firms are willing/able to sell
When firms are willing to sell more products than consumers are willing/able to buy
An objective of reaching the highest possible surplus of sales revenue over costs
An objective of generating the greatest amount of revenue from the sale of goods and services
An objective of reaching a "good enough" profit level, without maximising (normal profits)
An objectives of making sure you make enough sales to see to next year
An objective of increasing the "presence" in the industry with the aim of pushing the other firms out!
An objective that ensures repeat purchases, or an outcome of fair and responsible business behaviour
An objective which is mainly help by external stakeholders who will expect to receive this as a reward for investing their money.