Econ
Across
- 1. can be found by dividing the gross domestic product by the number of people in the country
- 4. the FOP that includes all natural resources not produced by humans
- 6. the FOP that includes all manufactured goods that are used in a business or by a nation
- 8. the amount of the labor force that is not being utilized
- 11. the percentage of the people in a nation that can read and write
- 16. the dollar value of all final goods and services produced in a country
- 19. the percentage of the population that is living at or below reasonable standard of living
- 20. work or labor performed for someone
- 21. basic requirement for survival
- 24. a system that's economic decisions are made by a central authority or government
- 25. bringing goods and services into a country
Down
- 2. a system that makes its economic decisions based on ritual, habit, or custom
- 3. business owner
- 5. all of the alternative choices that you didn't choose
- 7. the organized way a society provides for the wants and needs of its people
- 9. a location or mechanism that allows buyers and sellers to exchange goods
- 10. a system in which there is a combination of government authority, people, and traditional to determine how resources are allocated
- 12. the next best option that you didn't choose
- 13. the resources required by businesses and nations to produce goods and services
- 14. the number one problem in economics
- 15. selling goods and services to another country
- 17. the quality of life based on ownership of necessities and luxuries that make life easier
- 18. a system that makes economic decisions through supply and demand or the people
- 22. tangible economic product
- 23. luxury or something that is not a necessity