Across
- 2. quantity of a good or service that businesses are willing and able to provide
- 5. resources are owned/controlled by the government
- 8. economy where goods and services are produced the way it has always been done
- 11. raw materials supplied by nature
- 13. can be seen and touched
- 14. the basic economic problem
- 15. combines elements of a command and market economy
- 20. the value of the next best alternative
Down
- 1. people producing the goods and services
- 3. quantity of a good or service that consumers are willing and able to buy
- 4. person who buys and uses goods and services
- 6. resources are owned/controlled by the people
- 7. determine what products and services will be available for sale
- 9. add comfort and pleasure
- 10. activities that are consumed at the same time they are produced
- 12. giving something up to have something else
- 16. means in which goods and services are produced or Factors of Production
- 17. the process of choosing which wants (among several) will be satisfied
- 18. required for life
- 19. products and money used to produce goods and services