Economics Crossword

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Across
  1. 1. An item which is necessary for survival (ex.water)
  2. 4. satisfy the same set of goals or preferences (ex.Hamburger and pork)
  3. 6. An individual who purchase goods or services (ex.customers)
  4. 10. Things that can not be perceived by touch (ex.copyright)
  5. 11. Goods that help complete another in some way (ex. ketchup and hamburger buns)
  6. 12. Equipment, building, money, which is used to produce goods and services (ex.vehicles)
  7. 16. A type of economy where a combination of consumers, businesses and government make the decisions (Ex.Canada)
  8. 17. State of the economy where there is an increase in output, income, employment, prices and profit
  9. 18. The amount of goods/services people are willing to buy at certain prices
  10. 19. Goods that are a result of changed conditions, can replace each other in use or consumption (ex.Coke vs Pepsi)
  11. 21. An individual or business whcih makes a product (ex.McDonalds)
  12. 22. A product/service that consumers no longer want as it is outdated/outmoded or has been replaced by a new/improved product (ex.layer disk)
  13. 23. An expensive item that can be seen/touched but is not necessary for survival (ex.sports car)
  14. 25. People/businesses which buy goods/services (ex.people)
  15. 26. Using new technology, materials or processes to improve existing products, or on how they are produced and distributed (ex.electric cars)
Down
  1. 2. Means through which goods and services are made available to consumers (ex.land)
  2. 3. People who work to produce goods/services in a business (ex.training)
  3. 5. To come up with a new unique idea, thought, or production for a new object, device, or process, which a person has not seen or heard of before (ex.light bulb)
  4. 7. Raw materials we get from earth, water and air (ex.cotton)
  5. 8. An essential item for survival which can be seen and/or touched (ex.food)
  6. 9. General increase in the price of goods and services over a period of time
  7. 13. Goods which are used together (ex.phone+data)
  8. 14. An item which is able to be seen and/or touched (ex.pencil)
  9. 15. An item which is not necessary for survival but adds pleasure/comfort to life (ex.playstation)
  10. 19. Amount of goods/services businesses are willing and able to sell at certain prices
  11. 20. State of the economy where there are large unemployment rates, a decrease in income, and standard of living decreases (ex.Great Depression)
  12. 24. Assistance provided which satisfied needs/wants of people/businesses but is not a product that can be touched (ex.babysitting)