Across
- 1. _____ will it be produced? (fundamental question of economics)
- 4. the total value of all goods and services produced in a country in a specific time period
- 9. actions or work that one person does for another, like teaching, cleaning, or cutting hair.
- 11. when individuals, businesses, or countries focus on producing a specific good or service that they are most efficient at.
- 13. economic system that combines elements of both a market economy and government intervention.
- 14. the amount of a good or service that producers are willing to sell at different prices.
- 16. the study of how people make choices to satisfy their wants and needs using limited resources.
- 17. economic system where most decisions about what to produce, how to produce, and for whom to produce are made by individuals and businesses in the marketplace.
Down
- 2. _____ will get what is produced? (fundamental question of economics)
- 3. things that you can touch and own, like toys, clothes, or food.
- 5. the idea that resources are limited, and there are not enough resources to satisfy all human wants and needs.
- 6. economic system where the government makes most decisions about what to produce, how to produce, and for whom to produce.
- 7. a person who buys and uses goods and services to satisfy their wants and needs.
- 8. the materials, time, and knowledge that people use to create goods and services.
- 10. the amount of a good or service that consumers are willing to buy at different prices.
- 12. the exchange of goods and services between people or countries.
- 15. _____ will be produced? (fundamental question of economics)