Economic Vocabulary - Unit 1

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Across
  1. 5. the people who work to produce goods and services (2 words)
  2. 7. Based on culture and rituals (2 words)
  3. 9. This question is concerned with how we allocate our scarce resources. (3 words)
  4. 11. things not necessary for survival but which add comfort and pleasure to your life
  5. 12. Relies on government to make all economic decisions. (2 words)
  6. 14. things that satisfy our wants through the efforts of other people or by equipment
  7. 15. Consumer choices determine how industries and financial markets operate. (2 words)
Down
  1. 1. This question asks what combination of scarce resources will we use to produce those goods and services that we have decided to produce. (3 words)
  2. 2. the tools, equipment and buildings that are used to produce, goods and services (2 words)
  3. 3. Limited government involvement while also applying free market concepts. (2 words)
  4. 4. This question is really concerned with how the goods and services are allocated or distributed to society. (4 words)
  5. 6. things you can see and touch
  6. 8. all of the materials that come from the earth, the water, or the air (2 words)
  7. 10. Scarcity (3 words)
  8. 13. things that are necessary for survival
  9. 14. The conflict between unlimited wants and limited resources.