Economics

3. The rights of individuals to own property with in an economic system
7. Rent, wages, interest, profit
11. Limited quantities of resources to meet unlimited wants
14. The struggle among producers to gain the business of consumers
15. Money spent by households to purchase products
16. Economic system with private ownership and very little gov't intervention
18. A business organization owned by two or more people
19. possibility A curve that shows alternative ways to use and economies resources
23. The market in which households are sellers and businesses are buyers
24. A business organization made up of a legal entity owned by individual stockholders
25. Offering that encourages people to behave in a certain way
26. Goods and services

1. Land, labor, capital, entrepreneurship
2. Economic system with centrally planned economy and gov't control
4. The flow of resources and finished products between businesses and households
5. Economic system with evenly distributed wealth and combined gov't control and private ownership
6. The sector of the economy that provides resources and purchases products
8. The flow of money as income and consumer expenditures between households and businesses
9. The market in which businesses are sellers and household are buyers
10. Ambitious leader who combines land,labor, and capital to creat a market new goods or services
12. Using fewer resources that an economy is capable of using
13. A business organization owned and managed by a single individual
17. The gap between the two products that results from underutilization on a PPC
20. Economic cost of choices
21. The sector of the economy that purchases resources and provide products
22. The model showing the flow between households and businesses