Economics Vocabulary

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Across
  1. 3. all natural resources used to produce goods and services
  2. 5. individuals who combine the other factors of production to create businesses
  3. 6. is the study of choices, the science of scarcity, knowledge concerned with the production, consumption, and transfer of wealth.
  4. 8. tools machinery, buildings used in the production
  5. 9. refers to the resources needed to produce goods and services.
Down
  1. 1. Study of small economic units such as individuals, firms, and markets.
  2. 2. Study of the large economy as a whole
  3. 4. any human effort, physical or mental, that goes into producing goods and services, including marketing, distribution, and selling
  4. 7. we have unlimited wants but limited resources