Economics Unit 1 Crossword

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Across
  1. 3. Physical objects
  2. 8. goods that are unlimited in suppy, such as air and rain water.
  3. 11. A graphical model that represents all of the different combinations of two goods that can be produced.
  4. 13. the next best choice given up when making a decision
  5. 16. The natural resources required in the production process.
  6. 17. Man-made products used by a business to produce consumer or other capital goods.
Down
  1. 1. Goods that are limited in supply, including houses, cars and oil.
  2. 2. Goods or services that people would like to have but it is not needed for living.
  3. 4. The skill a business person requires to combine and manage the other three factors of production successfully.
  4. 5. The human resources required in the production process.
  5. 6. Actions that a person provides for another person.
  6. 7. goods and services that are produced by firms and individuals.
  7. 9. Unlimited wants but limited resources to meet these wants.
  8. 10. Goods brought for consumption by the average consumer.
  9. 12. goods and services that are produced by firms and individuals.
  10. 14. Good or service needed for living.
  11. 15. The manufacture resources required in the production process.
  12. 18. When a supply of a resource cannot meet the demand.