Introduction to Economics

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Across
  1. 1. something you would like but is not necessary for survival
  2. 6. the use of money of tools to create a good
  3. 9. resources such as land, labor, and capital
  4. 10. choosing one thing or another for purchase or consumption
  5. 11. People who take risks by starting and organizing a business
  6. 14. human activity used to produce a good or service
  7. 15. the concept of having unlimited wants but limited resources
Down
  1. 2. the use of science to develop a new product or to make one better
  2. 3. type of good that is used to create another good
  3. 4. the study of how individuals and nations use scarce resources to satisfy needs and wants
  4. 5. natural resources
  5. 7. type of good that satisfies a need or a want, such as a car or hamburger
  6. 8. What you give up when you make a choice
  7. 12. examples include food, clothing, and shelter
  8. 13. paying someone for the use of their skill