Across
- 3. the work and time for which employees are paid.
- 4. a measure by which the scarcity and limitedness of goods are expressed
- 8. a scientific study, which deals with how individuals and society generally make choices.
- 9. a situation that arises because of the numerous and multiplying human wants faced with the limited resources needed to satisfy these wants
- 10. is the use of inputs to produce outputs.
- 12. tangible commodity. These are bought, sold, traded and produced.
- 13. a medium that can be exchanged for goods and services and is used as a measure of their values on the market
- 15. is the study of the entire behavior of the economy
- 17. these are basic requirements for survival
- 18. refers to the utilization of goods and services by any individual to satisfy human wants.
- 19. simply the desires of citizens
- 20. refers to any property and assets of a person that have a useful value
Down
- 1. work that is performed for someone.
- 2. a medium that allows buyers and sellers of a specific good or service to interact in order to facilitate an exchange.
- 5. deals with the allocation of the social or national income among the different factors of production
- 6. is the study of economics which deals with the behavior and activities of individuals in specific units
- 7. it includes natural resources such as timber, oil, coal, iron, soil and water as well as the ground in which these resources are found.
- 11. natural, human, and man-made wealth that can provide satisfaction
- 14. the process of trading goods and services for money
- 16. man-made goods used to produce other goods or services.