Zimpfer Economic Basics

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Across
  1. 1. skills, training, knowledge of a person used to generate profit
  2. 5. actions that someone is paid to do for another
  3. 7. human-made goods used to produce more goods
  4. 9. unlimited wants but limited resources
  5. 12. contradiction between the high value of a nonessential item and the low value of an essential item
  6. 15. person who combines the 3 FOP to generate profit
  7. 16. a tangible economic product that is transferable
  8. 17. the study of how people deal with scarcity
  9. 18. the ability of a good or service to be useful
  10. 19. example of the FOP land
Down
  1. 2. human made objects that are used to make profit
  2. 3. the economic problem
  3. 4. father of economics
  4. 6. basic for survival
  5. 8. human resources
  6. 10. natural resources
  7. 11. the materials from which all goods are made
  8. 13. not essential for survival
  9. 14. motivation of an entrepreneur