Applied Economics

2. The processed equipments, machineries.
5. Soil, and natural resources that are found in nature and are not manmade.
6. Social science study that is concerned with using scarce resources.
8. State in which supply and demand are balance.
11. Efforts of people involved in a production.
13. Materials needed in a production.
15. Is when supply is limited.
16. The outcome of all the mixing raw materials or input.
18. Someone who buys or uses goods and services for personal use.
22. ECONOMICS Subject about Economics.
24. Study the decision and choices of a certain individual Units.
25. An individual who takes the initiative to start a new business.
27. economic system based on customs and traditions, rather than money.
29. Goods or services are willing to buy at any prices.
30. The demand for a good or service is greater than the availability of the good or service..
32. Items that satisfy human wants, provide utility or usefulness, and are scarce.
33. Shows the various quantities the consumer is willing to buy
34. A good that can be used in place of another.
37. Refers to any value of the best foregone alternative.
38. Refers to the physical or financial assets used to produce goods and services.
39. The problem of having unlimited wants and needs in the economy.
40. Process of setting prices of goods.

1. Another word for human resources.
3. He described economics as study of mankind in ordinary business life.
4. A situation where the quantity of a good or service demanded by consumers at a given price is greater than the quantity supplied by producers.
7. Economic decisions and the pricing of good are based on the interaction of individuals in the economy.
9. Process of exchanging goods and services using transaction between buyer and seller.
10. Concerned with the overall performance of the entire economy.
12. Desires for non-essential items.
14. Is when a good is scarce compared to it's demand.
17. Things that are often sold or consumed together.
19. Another word for Raw Materials.
20. Businesses that create and sell goods and services.
21. System in which a central governmental authority sets permitted levels of production, as well as the terms of distribution and pricing.
23. Is the point at which the quantity of a good or service supplied equals the quantity demanded.
26. Show how quantity demanded of a good depends on determinants.
28. an economic system that combines elements of command and market economy.
31. Essentials that are consumed in a daily basis.
35. Amount of product that is offered for sale.
36. This are the resources or materials came from nature.