Across
- 2. a worth that can be expressed in dollars and cents
- 6. mechanism that allows buyers and sellers to exchange a specific product
- 7. products that are tangible, scarce, useful, and transferable from one person
- 10. nation’s total output of goods and services increases over time
- 12. good that lasts three years or more when used on a regular basis
- 13. study of how people try to satisfy
- 15. market the factors of production are bought and sold
- 16. work that is performed for someone
- 18. not having enough resources
- 24. we rely on others
- 25. a useful tangible item
Down
- 1. perform only tasks they can do better or more efficiently than others
- 3. natural resources not created by people
- 4. the capacity to be useful and provide satisfaction
- 5. capital goods
- 8. study of how people try to satisfy
- 9. measure of the amount of goods and services produced
- 11. people with all their efforts, abilities, and skills
- 14. producers sell their goods and services
- 17. a risktaker in search of profit
- 19. Goods intended for final use by individuals
- 20. basic requirement for survival
- 21. good tools, equipment used in the production of goods and service
- 22. not necessary for survival
- 23. each individual worker completes a separate part of the work