Across
- 2. a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so
- 4. Mutual dependance of participants (usually countries) who trade with each other to get the goods their country needs.
- 6. The part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity
- 9. Exchanging a good or service for other goods or services (without using money)
- 10. resource The personnel of a business or organization, especially when regarded as a significant asset
- 12. exchange something of value, especially as part of a compromise
- 13. a measure of performance that compares the amount of goods and services produced with the amount of inputs used to produce those goods and services
- 17. The regard that something is held to deserve; the importance, worth, or usefulness of something
- 20. Something tangible that you purchase
- 21. Any item or verifiable record that is generally accepted as payment for goods and services
- 22. Distribute (resources or duties) for a particular purpose
- 23. An agreement between a lender and a borrower of money
- 27. When all goods and factors of production are used to the maximum ability and there's minimal waste.
- 29. The part of economics concerned with the more specific behaviors of individuals and firms
- 31. good Things that are used in the production of other products (equipment, buildings, tools, etc)
- 32. an economic activity offered as a product
- 33. resources materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain
Down
- 1. A person who purchases goods or services
- 3. Social science for the study of production, distribution, and consumption of wealth.
- 5. Similar to trade, the act of giving something to get something in return
- 7. costs The loss of potential gain from other alternatives when one alternative is chosen
- 8. an expert in economics
- 11. Anything that helps us produce things faster, better or cheaper
- 14. good final product ready for sale that is used by the consumer to satisfy current wants or needs
- 15. something that can be used for making profits or benefits, whether that be a source, supply, or support
- 16. The usefulness or enjoyment a consumer can get from a service or good
- 18. the quality or condition of being self-sufficient
- 19. a person, company, or country that makes, grows, or supplies goods or commodities for sale
- 24. of labor the separation of a work process into a number of tasks, witch each task performed by a separate person or group of persons
- 25. a particular area which someone concentrates on or is an expert in
- 26. resource human-made resources used by a company to create goods and services
- 28. of production What is used in the production process to produce output—that is, finished goods and services
- 30. When the demand for a resource is greater than the supply of that resource, as resources are limited