Basic Economic Problem

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Across
  1. 2. Things we wish we could have
  2. 6. Limited resources and unlimited wants results in this
  3. 8. When consumers want to buy a product or service
  4. 9. Can be considered when asking 'how to produce'
  5. 11. The first economic question that businesses must ask
  6. 12. Consumers change these depending on trends and changing tastes
  7. 15. All businesses need to ask 3 basic _____________ questions
  8. 17. Production and consumption of goods and services in a region
  9. 18. Businesses can influence consumers to buy their product by doing this
  10. 20. The amount of money that households have to spend
  11. 22. Used instead of people to keep wages down, especially in factories
Down
  1. 1. Answering the economic questions helps a business to have an __________ use of resources
  2. 3. Items we have for our survival
  3. 4. Tools and machinery are an example of this
  4. 5. Resources that consist of labour and ideas
  5. 7. Exchange of goods and services between buyers and sellers
  6. 10. The next best alternative option that we give up
  7. 13. Over the past 20 years, we have seen a lot of this in new products
  8. 14. Consists of natural, human and capital
  9. 16. People who buy goods and services
  10. 19. Known as a combination of labour, equipment and raw materials
  11. 21. Can influence who a business supplies goods and services to