Across
- 3. Natural resources that aren't produced by mankind
- 4. An occupation or work executed for someone
- 7. Instruments, resources and factories that are used in the construction of merchandise and amenities
- 9. Fundamental necessity for survival
- 11. Things that people would like to possess but are unnecessary for basic life
- 12. A physical product that is favorable and used to fulfill people's wants and needs
- 14. The quantifiable amount of a good manufactured
- 16. An important economic problem that arises when there are insufficient resources and people have many wants
- 17. Something that must be sacrificed when one selection is chosen over another
Down
- 1. The determined worth of a product
- 2. A person looking for profits
- 5. The monetary value of all final commodities, amenities and institutions made in a nation's borders during a one-year interval
- 6. Study of how individuals deal with competing wants and the consumption of resources
- 8. People with their expertises and achievements
- 10. of production The materials that constitute the four sectors of land, capital, labor and entrepreneurship
- 13. of living The quality of life, which is deduced by the possession of the essentials and luxuries that facilitate one's life
- 15. cost The price of the next best choice in money, time or assets
- 18. model An easier model of a intricate idea or behavior conveyed through an equation, chart or picture
- 19. enterprise economy An economy where privately owned companies can make profits with little of the government's interference