Josilyn's G.G. Econ CH 1.2 Vocabulary

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Across
  1. 5. manufacture goods are used to produce other goods and services
  2. 6. A measure of the amount of inputs in a specific period
  3. 11. To provide the goods and services that we consume
  4. 12. An economic sense is the accumulation of these products that are tangible and scarce, useful and transferable from one person to another
  5. 14. The markets where productive resources are bought and sold
  6. 15. Businesses then use this money to produce more goods and services
  7. 16. Goods and services that are useful, relatively scarce, and transferable to others
Down
  1. 1. is intended for final use by individuals
  2. 2. is when factors of production perform tasks that they can do relatively more efficiently than others
  3. 3. One of the main contributions to productivity comes from investments
  4. 4. Takes place when work is arranged so that individual workers do fewer tasks than before
  5. 6. Early economists were puzzled by a contradiction between necessities and value
  6. 7. A location or other mechanism that allows buyers and sellers to exchange a certain economic product
  7. 8. Refers to a worth that can be expressed in dollars and cents
  8. 9. an item that is economically useful or satisfies an economic want
  9. 10. is another type of economic product
  10. 11. Occurs when a nation's total output of goods and services increases over time
  11. 13. The capacity to be useful and provide satisfaction