Unit 3

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Across
  1. 1. the conflict between unlimited wants and limited resources
  2. 4. total human resources required to turn raw materials into goods and services
  3. 6. the process or system of recording and reporting a business's financial position
  4. 8. the preservation of limited natural resources
  5. 9. a quantity of something on hand or available
  6. 14. Anything of value that an individual or business owns
  7. 16. things you desire greatly or wish
  8. 17. the reason or reasons one has for acting or behaving in a particular way.
  9. 19. also known as factors of production
  10. 20. things that are necessary
  11. 21. connect as operate with a network
  12. 22. sheet report of a business's financial state on a certain date
  13. 25. total of tools, equipment, machinery, and buildings used to produce goods and services
  14. 27. able to be measured
  15. 28. to produce (as something useful) for the first time
  16. 29. a written projection of what your income and expenses will be during a certain time period
  17. 30. form an idea of the amount, number, or value of.
Down
  1. 2. Something of value a person puts up for a loan
  2. 3. an economic system that relies on the central government to make all of the decisions
  3. 5. tangible articles of trade; wares; merchandise
  4. 7. is something new such as a new product strategy, or process.
  5. 8. credit issued by a bank to a business to finance trading or manufacturing operations
  6. 10. the monetary surplus left to a producer or employer after deducting wages, rent, cost of raw materials, and other costs
  7. 11. having or showing a sensible and practical idea of what can be achieved or expected.
  8. 12. having the ability to obtain something.
  9. 13. clearly defined or identified
  10. 15. providing or a provider of accommodation and activities required by the public
  11. 18. the desire to purchase with the means to do so; the number of goods that buyer will take at a particular price
  12. 23. a person or organization that uses a commodity or service
  13. 24. agreement to receive money, services, or goods now in exchange for the promise to pay in the future
  14. 26. natural resources that are used to create goods and services