Economics

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Across
  1. 2. an example would be Pepsi and Coca Cola
  2. 4. occurs when there are not enough resources to satisfy human wants
  3. 8. consists of all goods and services in order for society to function
  4. 9. desire and ability to produce& sell a product
  5. 11. a system in which society usually in form of the government owns and controls production
  6. 13. two good that are bought and used together
  7. 14. a side effect of a product that affects someone other then the seller or buyer
  8. 16. goods provided by public governments
  9. 19. is the study of how societies satisfy wants with limited resources
  10. 20. any arrangement that allows buyers and sellers to exchange things
  11. 22. describes that is not sensitive to change
Down
  1. 1. government in which one leader or group holds absolute power
  2. 3. money left over after all overhead costs
  3. 5. theory or system in which where all property is ascribed to the community
  4. 6. are desires that can be satisfied by consuming a good or service
  5. 7. are things necessary for survival
  6. 10. ideal model of a market economy
  7. 12. a group that acts together to set prices
  8. 15. occurs when there is only 1 seller in. a market
  9. 17. government programs that protect people
  10. 18. desire to own something and the ability to pay
  11. 21. describes demand that is sensitive to change