Across
- 4. human efforts directed toward producing goods and services
- 6. resources necessary to produce goods and services
- 8. quality of life based on the possession of necessities and luxuries that make life easier
- 9. system where individuals and businesses are allowed to compete for profit
- 10. system where citizens own most, if not all, of the means of production and decide how to use them
- 13. all of the gifts of nature that make production possible
- 15. previously manufactured goods used to make other goods and services
- 16. tangible products that we use to satisfy our wants and needs
- 19. where supply, demand, and prices help people make decision and allocate resources
- 20. occurrs whenever we do not have enough of one or more things
Down
- 1. choosing the alternative that has the greatest value from comparable quality products
- 2. money a person has left after all the taxes have been taken from it
- 3. goods or other items that are required for survival
- 5. things we would like to have but are not necessary
- 7. money left over after paying for the necessaties that are in your life
- 11. work that is performed for someone else
- 12. set aside a portion of income for a period of time for later use
- 14. individuals who start new businesses or introduce new products
- 17. rewards that are offered to try to persuade people to take certain actions
- 18. study of how we make decisions when resources are limited