Across
- 2. a study of social science.
- 5. a state where the supply in the market is equal to the demand in the market
- 8. large scale or general economic factors and how they interact
- 10. things that are often are sold or used together
- 11. the authoritatived system where in decision making is centralized
- 14. a table that shows the quantity demanded
- 15. comprises all naturally occuring resources.
- 16. can exist in one place or in several places
- 17. when a good is scarce compared to its demand.
- 21. came from nature.
- 22. the essentals of life.
- 24. someone who organize, manages, and assumes the risk of a business or enterprise
- 27. a graphical representation of the relationship between the price of a good
- 29. combining command and market
- 31. the application of economic theory.
- 33. the amount of a product that is offered for sale
- 34. tendency of suppliers to offer more
- 35. non essential items.
- 36. decision are based on traditions and practices upheld over the years
- 37. the most important of which is the price of the good itself, thus, the equation
Down
- 1. a state in which supply and demand for a given good or services are in balance
- 3. limited nature of resources.
- 4. the most democratic form of economic system
- 6. force of production that refers to the work.
- 7. can be used in place of another
- 9. the processed materials.
- 12. the assets, physical tools, plants, and equipment
- 13. unlimited wants but limited resources.
- 18. when supply is limited
- 19. law of demand described how price affects
- 20. the value of the best foregone alternative
- 23. described economics as study of mankind.
- 25. willing and able to buy
- 26. the economy such as individuals, household and firms
- 28. law of supply described how price affects
- 30. the dependence of supply
- 32. its price decrease and less when its price increases