Game for epf

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Across
  1. 2. When consumers and businesses buy and sell products with minimum govt restrictions
  2. 4. the worth something has in dollars & cents
  3. 6. goods bought and used by consumers, rather than by manufacturers for producing other goods.example: cell phone
  4. 8. Human-made goods that are used to produce other goods and services Include an example. Money is used to buy land, labor, and capital. Money is not “capital”.
  5. 11. an economy in which production, investment, prices, and incomes are determined centrally by a government.
  6. 12. The capacity to be useful and provide satisfaction , something must have utility to have value, but utility varies from person to person , for something to have value it must be scarce and have utility
  7. 13. The people who produce goods and provide services
  8. 14. Any natural resource provided by nature and used in the production process Include an example. Sun
  9. 16. a measure of economic performance that compares the amount of goods and services produced with the amount of inputs used to produce those goods and services.
  10. 18. All decisions have several trade-offs but only ONE of those options is the opportunity cost.
  11. 19. the worth something has in dollars & cents
  12. 20. the additional benefit arising from a unit increase in a particular activity
Down
  1. 1. goods that are used in producing other goods, rather than being bought by consumers.
  2. 3. a measure of economic performance that compares the amount of goods and services produced with the amount of inputs used to produce those goods and services.
  3. 5. An Entrepreneur is a business leader who seeks to make profits by combining resources to produce new goods and services
  4. 7. The focus of economics is to understand the problem of scarcity. Because of scarcity, economies need to allocate their resources efficiently.
  5. 9. What to produce, how to produce, and for whom to produce it for
  6. 10. the knowledge, skills, and health that people invest in and accumulate throughout their lives enabling them to realize their potential as productive members of society.
  7. 15. the worth something has in dollars & cents
  8. 17. The study of how society chooses to use its scarce resources to produce goods and services to satisfy unlimited wants