Colonial Economics Vocabulary
Across
- 2. workers
- 4. people resources; employees
- 5. measure the strengths of alternatives
- 8. the quantity on hand
- 9. a person who buys or uses a commodity
- 10. the wealth and resources of region
- 12. income exceeds expenses
- 16. the quantity people want
- 17. costs incurred
- 18. expenses exceed income
- 20. resources occurring naturally
- 21. money paid to or received by workers
- 22. money spent to gain profitable returns
Down
- 1. shortness of supply
- 3. choice made has cost of potential gain
- 6. good sold in another country
- 7. a person who buys and sells to earn
- 11. property resources(included slaves)
- 13. a cruel and oppressive person
- 14. tangible commodities
- 15. good made in another country
- 19. money received for goods or service