Economics Vocabulary
Across
- 2. Division of resources
- 4. A way to exchange goods and services
- 8. budgeting lose some x for y
- 13. how much output from given input
- 14. seperation of work into different tasks
- 15. assets of a company for production
- 16. people with knowledge and skills
- 17. objects used in production
- 18. satisfaction from good or service
- 19. the value of all assets owned by etc.
- 20. commodity produced for buyer
- 21. increased production of good or service
Down
- 1. worth of good or service
- 3. In short supply
- 5. Can live without and can't live without
- 6. Item bought
- 7. benefits someone can miss out on
- 9. An activity use goods,labor,capital
- 10. focus on one good or service to be best
- 11. 2 parties freely trade goods
- 12. intangible act paid for buy buyer