Across
- 2. Contradiction between high value of a nonessential item and low value of an essential item
- 3. Privately owned businesses have the freedom to operate with limited government interference
- 4. Increase of total output of goods and services
- 7. A good that wears out fast
- 9. Individuals who introduce new products/services
- 10. Something we would like but is not necessary
- 13. Output produced in a period of time
- 16. Basic requirements for survival
- 18. tools, equipment, and factories used in production
- 20. Value of all final goods, services, and structures produced with a country's national borders during a one year period
- 23. division of work into a number of separate tasks
- 26. Quality of life based on ownership of necessities
- 27. Sum of economic goals that are scarce, useful, and transferable
- 29. Resources needed to produce a good
- 31. Economic problem facing all societies resulting from scarce resources
- 32. Natural resources not created by human effort
- 33. Worth of a good/service
Down
- 1. Possibility Curve Diagram of all possible combinations of goods/services
- 5. Meeting place/mechanism where buyers and sellers come together
- 6. assignment of tasks to workers
- 8. Costs of the next best alternative
- 11. A good intended for final use by consumers
- 12. Dependence of economic activities
- 14. tool/equipment used to make other goods and services
- 15. Must be given up when the choice is made
- 17. A good that lasts long
- 19. Social science dealing with how people satisfy wants and needs
- 21. Work/labor performed by someone
- 22. Promoting the interest of consumers
- 24. Ability of a good/service to be useful
- 25. People with all their effort,abilities, and skills
- 28. Sum of skills, Abilities, health, and Motivation
- 30. Markets in which productive resources are sold