Economics

2. Time and energy
4. Act of buying and consuming goods and services
7. Wants differ on ___________
8. Food, clothing and shelter
11. Use resources to create goods and services
13. Labor, land and capital are factors of _____
15. ________ capital is money available for investing or spending
17. A person needs this for his labor
19. Process by which goods and services are made available to the people who want them
20. People's wants can also __________

1. Capital _______ includes tools, machines or buildings
3. Wants are also depending on __________
5. Resources are limited
6. We have to understand that many times wants occur ______
9. Farmers produce food by combining ______, water and sunlight
10. Shopping for clothes is an ______ want
12. Anything produced in an economy
14. ________ cost is the benefit given up when resources are scarce
16. Since societies have limited resources with which to satisfy their wants, they must make ______
18. Natural resources needed to produce goods