Economic Concepts

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Across
  1. 2. theories, principles,and models
  2. 4. Effectiveness of production
  3. 6. Natural resources used in the production of goods and services
  4. 8. Materials used in the production of goods and services
  5. 9. Limits the quantity or monetary value of an import
  6. 10. Product is produced in larger quantities than is demanded
  7. 11. Period of the business cycle in which economic activity is at it's highest
  8. 14. Economic problem of having unlimited human wants and needs
  9. 15. Materials used in producing goods or providing services
Down
  1. 1. goods and services desired but not necessary
  2. 3. Monetary assets needed to start and operate a business
  3. 5. goods and services necessary to survive
  4. 7. Material resources including capital goods, financial resources and land
  5. 12. Tax on imports
  6. 13. Any work which is necessary in the production of goods and services