Economics Basics

2. some form of payment for the use of resources
4. the activity of producing and selling of goods or services and making them available to all consumers
5. The total value of goods produced and services provided in a country during one year
8. work that businesses preform for consumers
9. products created by businesses that you can physically touch and see
10. the process or activity by which income is divided among resource owners and producers
11. manufactured or constructed items
15. the contest between organizations that provide similar products or services or that target the same audience of consumers
16. No person, business, or nation has enough resources to satisfy all of their wants and needs
17. people

1. the process or activity of using goods and services
3. Items found in the environment
6. for consumption to occur, goods and services must be produced
7. the activity of making profit by producing and selling consumers good and services in exchange for money
12. the money businesses get to keep after paying off expenses
13. the study of how individuals behave when it comes to satisfying their unlimited wants and needs with limited resources
14. an individual who buys goods and services from businesses