Economics

3. , things used to produce goods and services
5. , thing that add comforts and pleasure to your life
6. , things you can see and touch; products you purchase to meet your wants and needs
11. , the point where supply and demand are equal
14. , things that are required to live
16. , an economy in which resources are owned and controlled by the government
17. , the method a country uses to answer the three economic questions
20. , not having enough resources to satisfy every need/want

1. , activities provided for the satisfaction of wants and needs that are consumed at the same time they are produced
2. , an economy in which the resources are owned and controlled by the people of the country
4. , the private ownership of economic resources by individuals rather than buy the government
7. , the value of the next best alternative that you were not able to choose
8. , an economy in which goods and services are produced
9. , the quantity of a good or service that consumers are willing and able to buy
10. , the process of choosing which needs and wants will be satisfied
12. , an economy that combines elements of the command and market economies
13. , a person who buys and uses goods and services
15. , an individual or organization that determines what products and services will be available for sale
18. , the quantity of a good or service that businesses are willing and able to provide
19. , what you make when you give something up to have something else