Economics Crossword Puzzle

4. the process of concentrating on and becoming expert in a particular subject or skill.
6. the state of being scarce or in short supply; shortage.
7. is a person or a group of people living in the same residence.
11. a useful or valuable thing, person, or quality.
12. an amount of something left over when requirements have been met; an excess of production or supply over demand.
13. wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
15. the resource that encompasses the natural resources used in production
16. the branch of knowledge concerned with the production, consumption, and transfer of wealth.
18. a person who supports or believes in the principles of communism.
20. the activity or condition of competing.
21. a means by which the exchange of goods and services takes place as a result of buyers and sellers being in contact with one another

1. a situation in which nothing can be improved without something else being hurt.
2. is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
3. a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
5. to utilize less than fully or below the potential use.
8. work, especially hard physical work
9. the financial benefit realized when revenue generated from a business activity exceeds the expenses, costs, and taxes involved
10. for-profit business, usually formed as a partnership that provides professional services, such as legal or accounting services
14. something, typically money, that is owed or due.
17. require the payment of (a specified sum of money) before it can be acquired or done.
19. are items that satisfy human wants and provide utility