Economics

6. The protection and careful use of natural resources so they are not wasted or destroyed.
8. Physical items that people buy and use, such as clothes, phones, or food.
10. A form of government where a king or queen rules the country, usually inheriting their position.
11. A market is any place that allows buyers and sellers to exchange goods and services.
13. When there is more of a product available than what consumers want to buy.
14. The tools, equipment, buildings, and technology used to produce goods and services.
17. The study of people and their choices.
18. The buying, selling, or exchanging of goods and services between people, businesses, or countries.
19. Rewards or consequences that motivate people to make certain choices or take certain actions.
22. Natural features of the Earth’s surface, such as mountains, valleys, plains, and hills.
23. The amount of a product that businesses are willing and able to sell.
24. The resources needed to produce goods and services, including land, labor, capital, and entrepreneurship.
26. Things people must have to survive, such as food, water, clothing, and shelter.

1. The type of economics that studies the "economy as a whole".
2. The money used in a country to buy and sell goods and services.
3. The potential benefit or gain that is given up when choosing one option over others.
4. A form of government where citizens have the power to choose their leaders by voting.
5. Wage The lowest amount of money an employer can legally pay a worker per hour.
7. A form of government where one person or a small group holds most or all of the power.
9. Materials found in nature that people use to meet their needs and wants, such as water, trees, oil, and minerals.
12. When people have unlimited wants, but limited resources it is called _______.
15. The amount of a product that consumers are willing and able to buy.
16. A form of government where citizens elect representatives to make decisions and laws for them.
20. A system where the government controls most property and businesses, with the goal of sharing resources equally among people.
21. Things people would like to have but do not need to survive.
25. Work or activities that people pay someone else to do, such as haircuts, car repairs, or lawn care.