Economics Vocab Review
Across
- 2. Looking for items that are similar to the one you want to buy
- 6. When a product is easy to find, price goes down
- 8. Something that can be used to make a product or improve production capacity
- 9. rivalry between two different companies
- 10. The work people do to make money
- 11. The person who has the idea to make a product or service, the person who starts a business
- 15. the amount of a product that consumers are willing and able to buy
- 16. The total amount of things a person or group can produce
- 18. A limited amount of money that someone earns for their job
- 19. A plan for how much money to spend
- 21. Money credit card companies charge you if you do not pay your bill in full
- 22. A natural resource used to make a product
- 23. The workers/people that make a product
Down
- 1. Tools/machines needed to make a product
- 3. the person who buys the service or product
- 4. When a product is hard to find, price goes up
- 5. A person who needs to hire someone
- 7. What a person gives up by choosing one item over another
- 12. the person that is making the product or service
- 13. When companies focus on doing one the very well instead of many products or services
- 14. the total amount of a product that is available for sale
- 17. money that is paid to the government
- 20. Someone who has an idea and starts a business