Economics Vocab 1.1

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Across
  1. 2. The vision, skills, and risk-taking needed to create and run businesses.
  2. 5. ______________ of Production the economic resources needed to produce goods and services
  3. 6. objects, such as food, clothing, and furniture, that can be bought
  4. 9. a person who makes goods or provides services
  5. 11. exists when there are not enough resources to satisfy human wants.
  6. 13. Things that are necessary for survival.
Down
  1. 1. All the resources made and used by people to produce and distribute goods and services.
  2. 3. The study of how individuals and societies satisfy their unlimited wants with limited resources.
  3. 4. All the human time, effort, and talent that go into the making of products.
  4. 7. work that one person does for another.
  5. 8. a person who buys or uses goods or services.
  6. 10. Desires that can be satisfied by consuming (using) a good or service.
  7. 12. Not just the ground, but all of the natural resources we use to create goods and services