Ch. 1 Economics Scarcity

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Across
  1. 2. A good that lasts less than three years.
  2. 8. Risk taker in search of a profit.
  3. 10. Work that is done for someone.
  4. 12. All a persons efforts, abilities and skills.
  5. 13. A useful tangible item.
  6. 14. Capacity to be useful and provide satisfaction.
  7. 16. Cost of the next best alternative.
  8. 17. Alternative choices.
Down
  1. 1. Goods intended for final use by individuals.
  2. 3. The condition of not being able to produce all the things people would like to have.
  3. 4. A thing we want but is not necessary for survival.
  4. 5. Tools, equipment machinery and factories used in production of goods and services.
  5. 6. A basic requirement for survival.
  6. 7. A good that lasts more than three year when used on a regular basis.
  7. 9. Worth that can be expressed in dollars and cents.
  8. 11. The study of how people try to satisfy unlimited wants.
  9. 15. Natural resources.