Across
- 5. _____ resource: machines, tools, used to create goods and services
- 6. _____ economy: government and individuals share economic decisions
- 9. the next best thing you give up when you make a choice
- 11. _____ resource: plants, animals, minerals, water
- 12. a person who creates goods and services
- 14. _____ resource: the risk taken by individuals to make and sell goods and services
- 15. the process of economies and job markets becoming more interconnected worldwide
- 16. _____economy: individuals/businesses make all economic decisions
- 18. Virginia focuses on specific goods it does best, like soybeans and defense tech
- 19. the amount that consumers are willing to buy at a specific price
- 20. because of scarcity, people have to make _____
- 22. a general rise in prices and decrease in purchasing power
Down
- 1. _____ price: when supply = demand
- 2. the idea there there are never enough resources to satisfy all wants
- 3. private _____: individuals and businesses own and control their own land, buildings and goods
- 4. _____ resource: efforts/skills of people to produce goods and services
- 5. _____ economy: the government makes all economic decisions
- 7. America has limited government involvement in the economy, allowing for choice and free _____
- 8. a physical or online location to buy and sell goods and services
- 10. companies only make products that people are interested in buying ("buyer power")
- 13. a person who buys and uses goods and services
- 17. multiple companies fighting for customers with better products and lower prices
- 18. the amount that producers are willing to provide at a specific price
- 21. improvements in technology that help Virginia businesses and increase global trade