Economics

2. The way goods and services are produced and consumed
6. a market economy in which the government owns some property, offers some kinds of goods and services, and makes some rules that affect how businesses can compete
9. process of developing newer, better things
10. the entire activity of buying and selling that takes place out in the world
11. The thing that motivates consumers
13. the amount of something that is available

1. Someone who makes goods or offers services to others
3. the government decides what will be produced, how much will be produced, and how much goods and services will cost
4. Producers are free to decide what to produce, and consumers are free to buy whatever they need and want
5. the number of consumers who want something
7. Someone who acquires goods and services for his or her own personal use
8. Financial gain received by selling something for more than it cost to make it
12. Producers battling over who can make the most profit
13. the limited amount of resources available