APPLIED ECONOMICS

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Across
  1. 2. Where buyers and sellers meet to trade.
  2. 3. What you give up when you choose something else.
  3. 4. Goods that are used together.
  4. 9. Someone who sells goods or services.
  5. 10. machines, and buildings used to make things.
  6. 15. Tangible products.
  7. 16. When supply equals demand.
  8. 18. Transactions where goods are exchanged for money.
  9. 20. Things used to make goods and services.
  10. 21. The work people do to make goods and services.
  11. 22. How prices are set based on supply and demand.
  12. 27. Based on customs and bartering.
  13. 29. Studying how people use resources to meet needs.
  14. 30. The government controls what is made and sold.
  15. 31. The cost of something.
  16. 32. Someone who starts a business and takes risks.
  17. 34. People decide what to make and sell based on supply and demand.
  18. 35. Having alternatives if one product becomes too expensive.
  19. 36. Things you desire but don't need.
  20. 37. Choosing between options.
Down
  1. 1. Making goods or services.
  2. 2. Studying the whole economy.
  3. 4. People who buy things for personal use.
  4. 5. More or fewer people wanting to buy something.
  5. 6. Studying individual economic decisions.
  6. 7. How much people want to buy something at different prices.
  7. 8. The people who work in an organization or economy.
  8. 11. Essential things like food and shelter.
  9. 12. Natural resources like soil and minerals.
  10. 13. Something is completely unavailable.
  11. 14. a sustained decrease in the general price level of goods and services in an economy
  12. 17. Not having enough resources to meet everyone's needs.
  13. 19. A famous economist who studied microeconomics.
  14. 22. Shifts in what people like or want.
  15. 23. FUNCTION A formula showing how demand changes with price.
  16. 24. A rise in the general price level of goods and services over time.
  17. 25. People who make goods or services to sell.
  18. 26. A table showing how much people want at different prices.
  19. 28. How much of something producers are willing to sell.
  20. 33. RESOURCES Things found in nature like water, minerals, and forests.