Economics

2. all the objects in nature that make production possible
3. the four resources necessary to produce goods and services
6. this occurs whenever we do not have enough resources
7. is the cost of the next best use of your time or money when you choose to do one thing rather than another
10. work that is preformed for someone else
11. the physical and mental efforts that people contribute to the production of goods and services
13. the total value of all the final goods and services produced in a country during a single year
14. this occurs whenever we have more than enough resources
16. the study of how we make decisions in a world where resources are limited, has to do with money
17. a financial contribution that the citizens of a country or state give to the government in order to pay for government functions

1. the individuals who start new businesses, introduce new products, and improve management techniques
4. items that you can use that satisfy your wants or needs
5. things we would like to have; that would make life more comfortable or enjoyable
6. the quality of life based on the pessessions of necessities and things that make life easeier
8. the tools, machinery, and buildings used to make other products
9. a thing that is usable, and has a certain amount of supply, could be money, products, energy, or natural items
12. a system where private citizens own most, if not all, of the means of production
15. things that are required for survival