Across
- 5. Economy in which government controls resources, makes economic decisions, and provides basic services
- 8. Business organization dividing profit and workload over two or more people
- 12. When choosing between two things, it’s the value of the one that wasn’t chosen
- 16. Economy based on previous generations, bartering, and seen in smaller communities
- 17. Intersection of demand and supply curves, where a balance is achieved
- 18. Economy in which producers and consumers do what they want; goods and services for people with money
- 19. When someone contributes their labor to making a good or service, they are a ___ resource
- 20. In P.A.C.E.D. model, ___ are items or actions that must be evaluated based on criteria
Down
- 1. The amount of a good or service people will consume; moves in a different direction than price
- 2. Combination of resources to make a good or service
- 3. On a production schedule, this explains why price and quantity move in the same direction
- 4. Numerous businesses that produce a similar good or service
- 6. A ___ resource is a human-made tool, building, and vehicle that helps to produce a good or service
- 7. Business organization with all profit, workload, and risk for a single owner
- 9. Condition in which a resource is limited, but wants and needs are not; choices must be made
- 10. Business organization with very limited risk for investors
- 11. Oil, water, goats, timber, minerals, and vegetables are examples of ___ resources
- 13. This ability involves taking on the risk of combining resources to produce and good or service
- 14. Economy in which businesses, consumers, and government all have some power
- 15. Some that creates motivation towards an action, like earning profit, or a huge sale