Economics Crossword Puzzle

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Across
  1. 3. point at which quantity demanded and quantity supplied are equal
  2. 6. the human desire to possess or use a certain good or service
  3. 8. limited availability of goods at a particular time and place
  4. 11. when there are no substitutes and consumers will pay high prices for a product
  5. 13. amount of a good that is produced
  6. 15. the value of the best alternative that is foregone when a different alternative is chosen
  7. 19. the desire to work to improve one's economic situation
  8. 20. the separation of work into individualized tasks
  9. 21. the study of choices that individuals and societies make in the production, distribution and consumption of goods
  10. 22. part of an economy controlled by the government
  11. 23. an illegal system for the exchange of goods
  12. 25. land and other raw materials
  13. 29. a good whose demand decreases as consumer's incomes increase
  14. 30. the worth that consumers attach to a good
  15. 31. father of economics
  16. 32. usefulness of a good
  17. 33. part of a business cycle where a receding economy reaches its lowest point
  18. 34. the total amount of a good that is produced
Down
  1. 1. legal tender backed only by a government's promise
  2. 2. groups of firms that produce similar products
  3. 3. person who undertakes the management and financial risk of an economic enterprise
  4. 4. exchange of one good for another without money being exchanged
  5. 5. system in which most of the nation's capital is owned by private individuals and businesses
  6. 7. tool or resource used to produce or distribute goods
  7. 9. sum of all of the factors of production used in making a good
  8. 10. when one's supply of a good increases, the satisfaction derived from each additional unit tends to decrease
  9. 12. amount of a good that is bought at a certain price
  10. 14. an individual who uses goods
  11. 16. production of goods by people doing the jobs they do best
  12. 17. economic success
  13. 18. a market in which there is only one supplier of a good
  14. 24. first antitrust law
  15. 26. a situation in which the quantity supplied exceeds the quantity demanded at a given price
  16. 27. encourages quality and low prices
  17. 28. coined, metallic money