Economics Key Terms

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Across
  1. 1. Tangible items produced for personal use
  2. 2. The quantity of a good or service that buyers are ready to buy
  3. 3. Tangible objects that can be manufactured or produce for resale
  4. 5. The best time for consumers to buy
  5. 8. People who work to produce goods or services
  6. 10. Manufactured items that are used in production
  7. 12. Result from the gap between unlimited wants and limited needs
  8. 13. usefulness
  9. 14. Intangible activities that are preformed by other people for money
  10. 16. An indication of how changes in price will affect changes in the amounts demanded and supplied
  11. 17. Actual price that prevails in a market
  12. 18. Amount paid for a good, service, or resource
Down
  1. 1. User of goods and services
  2. 4. A marketing/business function that is responsible for moving, storing, locating, and/or transferring ownership.
  3. 6. The study of how to meet unlimited, competing want with limited resources
  4. 7. The process of trading one good/service for another
  5. 9. A function of relative prices that determines who gets the goods and services produced
  6. 11. A desire for something that may or may not be required
  7. 12. The quantity of a good or service
  8. 15. The process or activity of using goods and services