Economics vocab ch 1

12345678910111213141516
Across
  1. 1. not a basic need for survival it is a desire
  2. 4. worth that can be expressed in dollars and cents
  3. 6. people who take risks in search of profit
  4. 7. the study of how people try to satisfy seemingly unlimited wants and needs with limited resources
  5. 10. acronym for never having free lunch
  6. 11. a location or mechanism that allows buyers and sellers to exchange certain economic products
  7. 13. a measure of the amount of output produced by a given amount of inputs
  8. 16. includes people with all their efforts and abilities
Down
  1. 2. work that is preformed by someone
  2. 3. basic need for survival
  3. 5. one of the four factors of production the gift of nature
  4. 8. a person who uses goods and services
  5. 9. a diagram representing various combinations of goods and or services the economy can produce
  6. 12. the capacity to be useful and provide satisfaction
  7. 14. Alternative choice
  8. 15. the equipment used to produce goods