Across
- 2. The condition that results from society not having enough resources to produce all the things people would like to have
- 6. The dollar value of all final goods, services, and structures produced within a country’s borders in a 12-month period
- 7. Resources required to produce things people would like to have; they include land, capital, labor, and entrepreneurs
- 11. The money used to buy the tools and equipment used in production
- 12. A basic requirement for survival that includes food, clothing, and shelter
Down
- 1. A risk-taker in search of profits who does something new with existing resources
- 3. The tools, equipment, machinery, and factories used in the production of goods and services
- 4. The process of creating goods and services
- 5. The study of how people try to satisfy what appears to be seemingly unlimited and competing wants through the careful use of relatively scarce resources
- 8. People with all their efforts, abilities, and skills
- 9. Natural resources not created by humans
- 10. something you would like, but do not need to survive