Chapter 2 Vocab - Abby
Across
- 2. economic decisions are made in the marketplace.
- 5. A.K.A socialism.
- 6. There are four ______ of production.
- 8. amount of money given in exchange for goods/services.
- 9. the things used to produce goods/services.
- 12. quantity of goods/services consumers want to buy.
- 13. ________ include lumber, oil, & stone.
- 14. Lack of resources.
- 15. people who make the goods/services for which they are paid.
Down
- 1. Individual who creates a business.
- 3. study of individuals striving to satisfy wants/needs.
- 4. work done by employees.
- 7. amount of goods/services producers will provide.
- 10. referring to a synonym of 'people'
- 11. central authority makes key economic decisions.