Economics

3. division of work
6. basic requirement for survival, including food, clothing, and shelter
7. work or labor preformed for someone
9. risk taking individual in search of profits
11. measure of the amount of output of goods and services over time
13. a stock or supply of money, materials, staff, and other assers that can be drawn on by a person
15. meeting place or mechanism that allows buyers and sellers to come together
16. ability or capacity of a good or service to be useful and give satisfaction to someone
20. a good that wears out or lasts for fewer than three years when used regularly
21. sum of tangible economic goods that are scarce, useful, and transferable from one person to another
22. productive resources that make up the four categories of land, capital, labor, and entrepreneurs
23. market where the factors of production are bought and sold

1. tangible economic product that is useful
2. understanding someone
4. monetary worth of a good or service as determined by the market
5. gross domestic product
8. increase in a nation's total output of goods and services over time
10. fundamental economic problem of meeting people’s virtually unlimited wants with scarce resources
12. good intended for final use by consumers rather than businesses
14. tools,equipment, and factories used in the production of goods and services
17. social science dealing with how people satisfy seemingly unlimited and competing wants with the careful use of scarce resources
18. people with all their efforts, abilities and skills
19. something we would like to have but is not necessary for survival