Economics Crossword- Myra Tseng

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Across
  1. 7. Any asset, tool, piece of equipment or housing facility that is man-made, used to help produce other resources more efficiently
  2. 9. People who work to produce goods and services in the workforce
  3. 11. A person or business that create products/or a product
  4. 12. Assistance provided to fulfil certain wants or needs of people or businesses in return of payment, the result is not a product that can be touched
  5. 13. Items essential for survival that can be seen or touched
  6. 15. Materials drawn from nature that is used with very few modifications
  7. 16. Unable to be touched or grasped such as emotions or thoughts
  8. 18. Tools, buildings, machinery, money to start businesses
  9. 23. An item that can be touched or seen
  10. 24. The total value of goods produced and services provided in a certain country for one year
  11. 25. Items necessary for human survival such as water, food, clothing, shelter
  12. 26. The quantity of goods and services people are able and willing to buy at particular prices
  13. 27. Quantity supplied and demanded are equal
  14. 28. Needs relating to our self esteem/respect and by others
  15. 29. Jewelry, designer clothes, private jets luxury, cars watches
  16. 30. Improving existing goods or how they are distributed or produced using processes, technology or materials
  17. 31. An increase in the price of goods or services results in the quantity made available increasing
Down
  1. 1. When businesses rely on many other businesses in order to continue functioning
  2. 2. A product or service that is publicly outdated and has been replaced by a new or improved product because there is no longer an interest for consumers (Typewriter, Nokia phone, Old Tvs)
  3. 3. Unnecessary items for survival, creates comfort and excitement to life such as Toys, Jewelry and Technology
  4. 4. Focuses mainly on the sole customer and where consumers and businesses make the decisions
  5. 5. As the price of goods and services increases, quantity demanded for them decreases,as the price of goods and services decreases, the quantity demanded for them increases.
  6. 6. People or businesses that buy goods or services
  7. 8. Goods that can replace each other when one has changed because of certain conditions
  8. 10. resources Natural and fresh materials extracted from the earth, water and air (Examples: Water, Oil, Wood, Soil)
  9. 14. The factors used in producing goods or providing services such as Land, Labour, and Information
  10. 17. Government is the priority decision maker of the whole economy, most resources are government owned
  11. 19. Goods made to be used together such as tables and chairs, cereal and milk and toothbrushes and toothpaste
  12. 20. Security of oneself, home, financial or social presence ( Stability, Protection, Home security)
  13. 21. A individual who uses goods or services
  14. 22. Security of oneself, home, financial or social presence ( Stability, Protection, Home security)