Economics Part 1

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Across
  1. 4. *Money is an example of which factor of production
  2. 7. *The study of the way a nation (or business or person) uses its limited resources to satisfy unlimited wants and needs
  3. 12. An example of complementary goods are
  4. 14. economy
  5. 15. An example of a tangible good is
  6. 17. Crops are an example of this factor of production
  7. 18. *The economic driver in a market economy is
  8. 20. The 3 basic economic questions each nation must answer are
Down
  1. 1. Another name for this economic system is
  2. 2. The concept behind the 'Invisible Hand' is that there should be
  3. 3. *The invisible hand is linked to this economic system
  4. 5. People who are willing to risk their own money to start their own business in an example of which factor of production
  5. 6. *This economic system has no private ownership of property or land
  6. 8. A forklift is an example of this production
  7. 9. Example of this type of economy include haiti, alaska, canada & greenland
  8. 10. An example of a nondurable good is
  9. 11. *The owner of dubs on main street ia an example of this factor of production
  10. 13. The top level of the hierarchy in the channel of distribution is the _______ {ex. the farmer}
  11. 16. The economic regulator in a market economy is
  12. 17. A doctor is an example of which factor of production
  13. 19. Economics is the study of people and ______