Economic System

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Across
  1. 3. raw material found in nature that are used to produce goods
  2. 5. people's knowledge effort, and skills used in their work
  3. 6. stock prices fall
  4. 7. a "place" where goods compete for recognition
  5. 8. individuals and society seeks to satisfy needs and wants through incentives, choices, and allocation of scare resources
  6. 11. a visual tool that reveals changes in a product's supple and demand over time
  7. 13. the 'point' where price and quantity meet
  8. 14. found in rural, under developed countries
Down
  1. 1. stock prices going up or rising
  2. 2. recognize the need for new goods/services
  3. 4. the quantity of a good the manufacturer/owner can produce at acceptable cost
  4. 9. used to produce goods and services
  5. 10. shortage of resources
  6. 12. consumers need or want a product
  7. 15. does not exist