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Across
  1. 2. is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.
  2. 4. are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.
  3. 5. is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.
  4. 8. Utility is a term in economics that refers to the total satisfaction received from consuming a good or service.
  5. 11. A resource is a source or supply from which a benefit is produced and that has some utility.
  6. 13. is one that buys goods or services for consumption and not for resale or commercial purpose
  7. 14. is a place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services.
  8. 16. the amount of money that has to be paid to acquire a given product. Insofar as the amount people are prepared to pay for a product represents its value
  9. 17. Such a good may have little value without
  10. 19. supplied describes the amount of goods or services that suppliers will produce and sell at a given market price.
  11. 20. a transaction between two or more parties in which the buyer receives tangible or intangible goods, services, or assets in exchange for money.
Down
  1. 1. In economics, a want is something that is desired. It is said that every person has unlimited wants, but limited resources (economics is based on the assumption that only limited resources are available to us).
  2. 3. is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
  3. 6. in economics and consumer theory refers to a product or service that consumers see as essentially the same or similar-enough to another product.
  4. 7. group of productive enterprises or organizations that produce or supply goods, services, or sources of income.
  5. 9. It should be remembered that: The income of agricultural households comprises, at least in part, of entrepreneurial income.
  6. 10. can refer to one or both of two recent economic developments.
  7. 12. affects stakeholder engagement in any part of the process owing to the seemingly high opportunity cost of their involvement.
  8. 15. is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures.
  9. 18. In economics, supply is the amount of a resource that firms, producers, labourers, providers of financial assets,