What is Economics?

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Across
  1. 1. of production the four things needed to produce goods and services: natural resources, labor, capital, and entrepreneurs
  2. 5. human-made items, such as machines and tools, that are used to produce goods and services
  3. 8. the amount of goods and services produced by a worker or business in a given time period
  4. 9. not enough of a certain resource to satisfy people's needs and wants
  5. 11. the study of how people, businesses, and governments choose to use their limited resources
  6. 12. workers
  7. 13. a person who comes up with the ideas for producing goods and services
Down
  1. 2. the use of resources to produce only a single good or a few kinds of goods or services
  2. 3. the use of science to create new or better goods and services or more efficient methods of production
  3. 4. cost whatever is given up when a choice must be made; a trade-off
  4. 6. things that can be seen, touched, and bought or sold
  5. 7. resource something provided by nature, such as wood, oil, and coal, that can be used to produce goods and services
  6. 10. an activity performed for others for money, such as teaching or selling