Topic 1 Lesson 1 Fundamentals of Economics -Scarcity

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Across
  1. 3. capital knowledge and skills a worker gains through education and experience.
  2. 5. capital human-made objects used to create other goods and services.
  3. 8. all natural resources used to produce goods and services.
  4. 9. the fact that limited amounts of goods and services are available to meet unlimited wants.
  5. 10. the effect people devote to tasks for which they are paid.
  6. 11. something essential for survival, such as food or medical care.
  7. 12. of production resources used to make goods and services.
Down
  1. 1. people who decide how to combine resources to create new goods and services.
  2. 2. refers to any human-made resource that is used to produce other goods and services.
  3. 4. physical objects that someone produces, such as food, clothing, or a video game.
  4. 6. occurs when consumers want more of a good or service than producers are willing to make available at a particular price.
  5. 7. something that we desire but that is not necessary for survival.
  6. 9. actions or activities that one person performs for another, such as medical care or haircuts.