Economics

3. /things that are not essential to live
5. / the fundamental economic problem limited scarcity with unlimited wants
7. /the tools, equipment and factories used in the production of goods and services, one of the factors of production
9. / _ capital: the sun of peoples skills and abilities
10. / basic requirement for survival
13. / _ of production: land, capital, labor, and entrepreneurs
14. / people with all their abilities and efforts, one of the four factors of production
15. /_ market where goods and services are sold
17. / _ of value, the comparison between the high value of nonessential and low value of essentials

1. / ability or capacity of a good or service to be useful and give satisfaction to someone
2. / a risk taker who searches doe profits, one of the four factors of production
4. / _ the study of how people satisfy screamingly unlimited wants with the use of scarce resources
6. / process of creating goods and services with the combined use of land, labor, capital, and entrepreneurship
8. / natural resources "Gifts of nature" not created by human effort
11. / _ goods intended for final use by consumers rather then businesses
12. /worth of a good or service as determined by the market
16. /tangible economic product that is useful, reliability scarce, transferable, and used to satisfy wants and needs