Economics

2. the struggle among producers to gain the business of consumers
3. goods and services
4. possibility, alternative way to use economic resources
7. sector of economy that provides resources and purchase products
8. of production, Land, labor, capital,entrepreneurship
9. income, rent, wages, interest, profit
10. expenditures, money spent by households to purchase products
11. economic system with private ownership and little government intervention
13. offering that encourages people to behave in a certain way
15. limited quantities of resources to meet unlimited wants
16. sector of economy that purchases resources and provide products
17. flow of money as income and consumer expenditures between households and businesses
18. economic cost of choice
19. flow of resources and finished products between businesses and households

1. the rights of individuals to own property with an economic system
3. market where businesses are sellers and household are buyers
5. a business organization owned by two or more people
6. economic system with evenly distributed wealth and combined government control and private ownership
12. using fewer resources that an economy is capable of using
14. model showing flow between households and businesses