Economics Vocabulary Crossword Puzzle

2. the action of helping or doing work for someone for the benefit of the economy.
6. Land resources are the raw materials in the production process. These resources can be renewable, such as forests, or nonrenewables such as oil or natural gas.
8. Entrepreneurship is the process of discovering new ways of combining resources
9. the total satisfaction received from consuming a good or service.
11. Labor is the amount of physical, mental, and social effort used to produce goods and services in an economy
12. merchandise or possessions, Items that satisfy human wants and provide utility.
13. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship
14. The state of being scarce or in short supply; shortage
15. Desires that can be satisfied by consuming a good, service, or leisure activity.
16. Capital is typically cash or liquid assets being held or obtained for expenditures.

1. a curve that illustrates the possible quantities that can be produced of two products if both depend upon the same finite resource for their manufacture.
3. Economic incentives are financial motivations for people to take certain actions
4. The value that person places on an economic good based on the benefit that they derive from the good.
5. Something that the people need to survive or stay comfortable
7. the loss of potential gain from other alternatives when one alternative is chosen
10. A trade-off involves a sacrifice that must be made to get a certain product or experience
15. An accumulation of valuable economic resources that can be measured.