Week 1 vocab
Across
- 2. all human made resources
- 5. physical objects that is produced: food, clothing, video games
- 6. the study of scarcity and choice
- 8. skills and knowledge
- 9. basic requirements for human survival
- 12. things needed to produce: land, labor, capital
- 13. effort for which a person is paid
- 14. a person who starts up and takes risk on business
Down
- 1. the limited nature of society's resources
- 3. buildings and tools
- 4. action/activity that a person performs for another
- 7. all natural resources
- 10. temporary stopping or slowing of production
- 11. desire that can be satisfied by consuming a good/service