Ch 1-1 Vocab
Across
- 3. negation over a high valued nonessential over a low value essential
- 4. requirement for survival
- 5. short in supply
- 9. product that is useful, transferable, used to fulfill wants and needs
- 10. study of production, consumption, and distribution
- 11. sum of tangible economic goods that are scarce, useful,and transferable
- 12. not physical
- 14. item that doesn't last longer than three years or deteriorates quickly
- 15. financial measure of all final
- 18. the worth of something
- 19. progress collection of goods
Down
- 1. covering many or all areas
- 2. to be able to move something from one place to another
- 6. good meant for final use by consumer
- 7. good that lasts for three years or more when consistently used
- 8. tool or equipment used to create other products
- 13. would like to have but not necessary for survival
- 16. labor performed by a person
- 17. how useful or serviceable something is