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Basic Economic Terms

Across
Quantity demanded of a good decreases with an increase in income
This always shift the supply curve to the right
Cost of shifting resources from one use to the other
Economics of 'What ought to be'
Optimum choice of a consumer
reason for the shifts of supply curve to the left
A satisfaction maximizing entity
Down
Land, Labour, Capital and enterprise
Basis of economics because of which we make a choice
Prefer more of one with no less of the other
cardinal measure of satisfaction
This type of demand has a steep slope
All other factors being constant
It separates attainable from unattainable combinations
financial benefits given by the government that shift the supply curve to the right