Chapter 2 Vocab/Andrew A

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Across
  1. 5. strive to satisfy their needs and wants
  2. 6. is the process of recognizing a business opportunity
  3. 7. is the amount or quantity of goods
  4. 9. are used by the people who recognize opportunities and start businesses
  5. 12. contains both public and private enterprises
  6. 13. Lack of resources
  7. 14. is the point at which the quantity demanded
  8. 15. is the amount of goods and services
Down
  1. 1. is the individual who undertakes the creation
  2. 2. There are four_____ of production
  3. 3. is an economic system in which a central authority makes decisions
  4. 4. is an economic system
  5. 8. Raw materials from nature
  6. 10. are the methods societies use to distribute resources
  7. 11. is the amount of money given or asked for