Economics

2. Item that is economically useful or satisfies an economic want.
6. ____cost is the cost of the next best alternative use of money, time, or resources.
7. Economic problem facing all societies.
11. People with all their efforts, abilities, and skills.
12. Natural resources or "gifts of nature".
13. Dollar value of all final goods and services.
14. Basic requirement for survival.
15. Capacity to be useful and provide satisfaction.

1. _____growth occurs when a nation's total output of goods and services increases over time.
3. Process of creating goods and services.
4. Way of expressing a need.
5. Risk Taker.
7. Work or labor performed for someone.
8. Alternative choices.
9. Refers to a worth that can be expressed in dollars and cents.
10. Tools, equipment, machinery, and factories used in the production of goods and services.