WS 6 Economic Vocabulary

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Across
  1. 2. The number of products a company produces
  2. 3. Want Desires that can be satisfied by consuming a good, service, or leisure activity that are not necessary for survival.
  3. 6. Economic System Any place or system that allows buyers and sellers to exchange goods
  4. 7. What you give up doing any given task
  5. 8. Need Resources needed to survive.
  6. 9. services.
Down
  1. 1. What you get out of doing any given task
  2. 2. Wants are unlimited. Resources are limited. Scarcity means that we will never have enough resources to meet everyone's needs
  3. 4. The number of products consumers want to buy.
  4. 5. What you pay for a good or service. Price is determined by supply and demand for a good or service
  5. 7. Economic System