Economics

Horizontal Words

1. The standard unit of measurement used by A. Marshall to measure utility. (5)
3. It is a graphic representation of a demand schedule. (12)
5. These are goods, the demand for which decreases as income of the buyers rise. (14)
7. It is the transformation of input into output (10)
9. It refers to the value of a factor in its next best alternative use. (16)
11. The one who gathers capital and organizes the factors of production (12)
13. These are goods, the demand for which increases as income of the buyers rise. (12)
15. Effect of change in price of a related good on the demand for a commodity. (18)
17. He is one who wants to get maximum satisfaction out of his given income. (17)
19. It is scientific inquiry into a problem using statistical tools (20)

Vertical Words

2. A situation where there is not enough resources (8)
4. It shows different combinations of 2 goods offering same levels of satisfaction. (18)
6. The satisfaction derived from the consumption of a commodity. (7)
8. It refers to the way in which consumers spend their income. (17)
10. It refers to the attainable combinations of a set of two goods. (10)
12. What refers to a situation wherein a consumer gets maximum satisfaction. (20)
14. It is a study of man in the ordinary business of life. (9)
16. It studies the problem if efficient use of resources (17)
18. It is the problem related to the allocation of resources to different uses. (16)
20. The desire to buy a commodity backed with sufficient purchasing power. (6)