Economics

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Across
  1. 3. increase in a nation's total output of goods and services over time
  2. 11. market economy in which privately owned businesses have the freedom to operate for a profit with limited government intervention
  3. 13. market where the factors of production are bought and sold
Down
  1. 1. mutual dependency of one person's, firm's, or region's economic activities on another's
  2. 2. sum of people's skills, abilities, health, knowledge, and motivation
  3. 4. way of thinking about a choice that compares the cost of an action to its benefits
  4. 5. quality of life based on ownership of necessities and luxuries that make life easier
  5. 6. division of work into a number of separate tasks to be performed by different workers
  6. 7. simplified version of a complex concept or behavior expressed in the form of an equation, graph, or illustration
  7. 8. assignment of tasks to the workers, factories, regions, or nations that can perform them more efficiently
  8. 9. meeting place or mechanism that allows buyers and sellers to come together
  9. 10. market where goods and services are bought and sold
  10. 12. measure of the amount of output produced with a given amount of productive factors