Economics Crossword

2. An item which is able to be seen and/or touched (ex.pencil)
5. satisfy the same set of goals or preferences (ex.Hamburger and pork)
10. An item which is not necessary for survival but adds pleasure/comfort to life (ex.playstation)
11. An expensive item that can be seen/touched but is not necessary for survival (ex.sports car)
13. Assistance provided which satisfied needs/wants of people/businesses but is not a product that can be touched (ex.babysitting)
21. Things that can not be perceived by touch (ex.copyright)
23. State of the economy where there are large unemployment rates, a decrease in income, and standard of living decreases (ex.Great Depression)
24. The production and/or sale of goods and/or services to satisfy the needs, wants, and demands of consumers with a purpose of making a profit
26. 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)
27. An essential item for survival which can be seen and/or touched (ex.food)
28. Equipment, building, money, which is used to produce goods and services (ex.vehicles)

1. Means through which goods and services are made available to consumers (ex.land)
3. People who work to produce goods/services in a business (ex.training)
4. State of the economy where there is an increase in output, income, employment, prices and profit
6. Amount of goods/services businesses are willing and able to sell at certain prices
7. People/businesses which buy goods/services (ex.people)
8. Goods that are a result of changed conditions, can replace each other in use or consumption (ex.Coke vs Pepsi)
9. Goods which are used together (ex.phone+data)
12. Goods that help complete another in some way (ex. ketchup and hamburger buns)
14. An item which is necessary for survival (ex.water)
15. Using new technology, materials or processes to improve existing products, or on how they are produced and distributed (ex.electric cars)
16. A type of economy where a combination of consumers, businesses and government make the decisions (Ex.Canada)
17. An individual who purchase goods or services (ex.customers)
18. A product/service that consumers no longer want as it is outdated/outmoded or has been replaced by a new/improved product (ex.layer disk)
19. An individual or business whcih makes a product (ex.McDonalds)
20. Raw materials we get from earth, water and air (ex.cotton)
22. The amount of goods/services people are willing to buy at certain prices
25. General increase in the price of goods and services over a period of time