Economics
Across
- 2. all the objects in nature that make production possible
- 3. the four resources necessary to produce goods and services
- 6. this occurs whenever we do not have enough resources
- 7. is the cost of the next best use of your time or money when you choose to do one thing rather than another
- 10. work that is preformed for someone else
- 11. the physical and mental efforts that people contribute to the production of goods and services
- 13. the total value of all the final goods and services produced in a country during a single year
- 14. this occurs whenever we have more than enough resources
- 16. the study of how we make decisions in a world where resources are limited, has to do with money
- 17. a financial contribution that the citizens of a country or state give to the government in order to pay for government functions
Down
- 1. the individuals who start new businesses, introduce new products, and improve management techniques
- 4. items that you can use that satisfy your wants or needs
- 5. things we would like to have; that would make life more comfortable or enjoyable
- 6. the quality of life based on the pessessions of necessities and things that make life easeier
- 8. the tools, machinery, and buildings used to make other products
- 9. a thing that is usable, and has a certain amount of supply, could be money, products, energy, or natural items
- 12. a system where private citizens own most, if not all, of the means of production
- 15. things that are required for survival