Across
- 2. item that lasts fewer then 3 years after being used
- 3. good used to produce other goods and services
- 8. capable of being passed from one person to another
- 10. basic requirement
- 12. good that lasts for at least three years when used
- 14. good intended for final use
- 17. covering many or all areas
- 19. something we would like to have
Down
- 1. not physical
- 4. gradual collection of goods
- 5. contradiction between high value nonessential item vs low value essential item
- 6. sum of tangible economic goods that scarce, useful, and transferable
- 7. work or labor for someone
- 9. tangible economic product that is useful
- 11. social science dealing with how people satisfy wants and needs
- 13. fundamental economic problem from scarce resources
- 15. ability of a good to be useful
- 16. monetary value of all final goods, services, and structures
- 18. monetary worth of a good