Economics Vocabulary
Across
- 4. Something you enjoy but don’t need to survive
- 5. Something you must have to survive
- 9. Person who creates the good/item
- 10. Person who buys the product; customer
- 11. Get better products and the consumer benefits/competing for your business
- 14. Exit/out of the country
- 15. Insufficient resources to satisfy everyone’s wants and needs
Down
- 1. How many people want a good or service
- 2. Factors of production such as land, labor, capital, and entrepreneurship
- 3. Item you can touch/buy and keep, eat, or use
- 6. Cannot touch/something someone does for you
- 7. Social science that studies how people use scarce resources to satisfy unlimited wants and needs
- 8. How much of a good or service there is
- 12. Item that is made
- 13. Bring in to the country