Across
- 1. People with all of their efforts, abilities, and skills
- 3. The study of how people try to satisfy what appears to be seemingly unlimited and competing wants through use of scarce resources.
- 6. Equipment, machinery, and factories used in production of goods or service.
- 7. Location or other mechanism that allows buyers and sellers to exchange.
- 10. Measure of output produced by a given amount of inputs in a period of time.
- 11. Tangible economic product that is useful, scarce, transferable, and used to satisfy wants and needs.
- 13. A way of expressing a need.
- 14. A risk-taker in search of profits who does something new with existing resources.
Down
- 1. Natural resources.
- 2. Accumulation of products that are tangible, scarce, useful, and transferable.
- 4. The condition that results from society not having enough resources to produce all the things people would like.
- 5. Capacity to be useful and provide satisfaction.
- 8. Process of creating goods and services.
- 9. Value of all final goods, services, and structures built in the last 12 months.
- 12. Worth that is expressed in dollars or cents.
- 15. Basic requirement for survival.