Brianna's Econ ch.1.2 vocab

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Across
  1. 1. a location or other mechanism that allows buyers and sellers to exchange a certain economic product
  2. 3. good is intended for final use by individuals
  3. 5. refers to worth that can be expressed in dollars and cents
  4. 7. growth when a nation’s total output of goods and services increases over time
  5. 9. an item that is economically useful or satisfies an economic want
  6. 10. the capacity to be useful and provide satisfaction
  7. 12. in an economic sense is the accumulation of those products that are tangible, scarce, useful and transferable from one person to another
  8. 14. market markets where producers sell their goods and services to consumers
  9. 15. markets where productive resources are bought and sold
  10. 16. of labor takes place when work is arranged so that individual workers do fewer tasks than before
Down
  1. 2. products goods and services that are useful relatively scarce, and transferable to others
  2. 4. work that is performed for someone
  3. 6. interdependence means that we rely on others, and others rely on us, to provide the goods and services that we consume
  4. 8. goods when manufactured goods are used to produce other goods and services
  5. 11. a measure of the amount of output produced by a given amount of inputs in a specific period of time
  6. 13. capital is the sum of the skills, abilities, health and motivation of people
  7. 14. of value is the situation where some necessities have little monetary value and some non-necessities have a much higher value