Economic Choices and Systems Key Terms Crossword Puzzle

3. Individuals and organizations that determine which goods and services will be available for consumption.
4. Anywhere goods and services exchange hands.
6. Right to purchase,use, and discard of things of value.
7. Goods that are purchased to add comfort or pleasure to life.
8. Means from which goods and services are produced.
9. The initiative to combine natural,human, and capital resources.
13. The point where supply and demand are equal.
14. Goods and services are owned and controlled by the people.
21. Combines elements of the command and market economies.
22. Economic system in which decisions are based on customs and centered on family.
23. Activities that can be consumed at the time of purchase to satisfy need and wants.
24. Economics system in which the government owns resources and dictates what is produced.
26. Economic system which freedom to consume and produce goods and services exists.
27. People using efforts,knowledge, and skills at work to produce goods and services.

1. Businesses that offer the same goods to the same customers.
2. of choosing which needs or wants will be satisfied.
5. Goods and money used in the production of goods and services.
10. Raw materials supplied by nature.
11. Condition that exists when wants or needs exceed resources available.
12. Study of the decisions made for production,distribution, and consumption of goods and services to satisfy needs and wants.
15. Value of the next-best alternative that is forgone to produce or obtain another product.
16. Opportunity to make choices of goods and services and accept consequences of decisions.
17. Process of giving up something for gaining something else.
18. Money left after selling goods and services and costs of operating a business have been paid.
19. Items that can be purchased to satisfy needs and wants.
20. Buys and uses the goods and services.
25. Necessities required for living.