Economics verbiage

3. money a person saves for retirement
5. a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers
6. items you purchase
8. tools, machinery, etc. made by man to produced goods and services
10. the something you choose when you make a choice
11. natural resources from the earth used to produce goods and services
13. a service or other asset used to produce goods and services that meet human needs and wants.
16. the workers used to produce goods and services
17. what a person must have to survive
19. economic term that means limited
21. system in which economic decisions are made the same way they were in the past
23. finding "best available" values of some objective function given a defined domain
25. an item used in conjunction with another good
26. system in which the GOVERNMENT makes most of the economic decisions
27. economist who supported CAPITALISM in book Wealth of Nations
28. to increase to the greatest possible amount or degree
29. scientific inventions that increase productivity

1. a person's unlimited desires
2. rich country
4. when a person or business produces only one kind of product and then the products are exchanged
7. a task you pay someone to do for you
9. an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service
10. what you sacrifice or give up when you make a choice
12. the things necessary to make a good or service
14. someone who risks time and money to start a business
15. a social science concerned with the production, distribution, and consumption of goods and services
18. poor country
20. system in which the CONSUMERS and PRODUCERS (buyers & sellers) make most of the economic decisions
22. when people in an economy trade goods & services
24. a branch of economics that studies how an overall economy—the market systems that operate on a large scale—behaves.