Economics

2. The condition that results from society not having enough resources to produce all the things people would like to have
6. The dollar value of all final goods, services, and structures produced within a country’s borders in a 12-month period
7. Resources required to produce things people would like to have; they include land, capital, labor, and entrepreneurs
11. The money used to buy the tools and equipment used in production
12. A basic requirement for survival that includes food, clothing, and shelter

1. A risk-taker in search of profits who does something new with existing resources
3. The tools, equipment, machinery, and factories used in the production of goods and services
4. The process of creating goods and services
5. The study of how people try to satisfy what appears to be seemingly unlimited and competing wants through the careful use of relatively scarce resources
8. People with all their efforts, abilities, and skills
9. Natural resources not created by humans
10. something you would like, but do not need to survive