Ch 1-1 Vocab

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