Chapter 1 lesson 1

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Across
  1. 3. something we want but don't need to survive
  2. 4. Domestic Product, value of all final goods, services, and structures within a country’s national borders during a one-year period
  3. 5. good, Product that wears out in less then 3 years when used regularly
  4. 6. good, manufactured good used to produce other goods and services
  5. 9. good, Product that last at least 3 years when used regularly
  6. 12. gradual collection of goods
  7. 17. covering many or all areas
  8. 18. study of satisfying unlimited and competing needs and wants through use of limited resources
  9. 19. basic requirement for survival
Down
  1. 1. work or labor performed for someone
  2. 2. capable of being passed from one person to another
  3. 7. monetary worth of a good or service as determined by the market
  4. 8. Not having enough resources to make things
  5. 10. Transferable economic power that is useful
  6. 11. not physical; something that cannot be touched
  7. 13. ability or capacity of a good
  8. 14. of value, contradiction between the high value of a nonessential item and the low value of an essential item
  9. 15. sum of tangible economic goods that are scarce, useful, and transferable from one person to another
  10. 16. good, good intended for final use by consumers other than businesses