Economics

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Across
  1. 3. An item necessary for survival such as food, clothing or shelter
  2. 4. Using new technology, materials, or processes to improve on existing products, or on how they are produced and distributed.
  3. 6. Businesses rely on many other businesses in order to keep going.
  4. 12. A combination of consumers, businesses and government make the decisions
  5. 14. Are goods which, as a result of changed conditions, may replace each other in use(or consumption)
  6. 17. Assistance provided, usually in return for payments, that satisfies needs and wants of people or businesses that does not result in a product that can be touched
  7. 18. To come up with a unique idea, thought or fabrication; a new object, device or process that no one has seen or heard of before
  8. 20. People or businesses that buy goods or services
  9. 23. An item that can be seen or touched and is essential for survival
  10. 26. Consumers and business make the decisions
  11. 27. Are goods that are used together
Down
  1. 1. Decisions are made based on the past
  2. 2. Another word for Trough
  3. 5. People that work to produce goods and services in a business(workforce)
  4. 7. You are only doing part of the process in the assembly line
  5. 8. An item which can be seen or touched but is not necessary for survival
  6. 9. Means through which goods and services are made available to consumers
  7. 10. Equipment, building, money that is used to produce goods and services
  8. 11. The production and/or sale of goods and/or services to satisfy the needs, wants, and demands of consumers with the purpose of making a profit; an organization setup to do this.
  9. 13. A product of service that consumers that no longer want because it has become outdated or outmoded or has been replaced by a new improved product
  10. 15. Those raw materials that get from the earth, water and air
  11. 16. Increase in output, income, employment, prices and profit.
  12. 19. An individual or business that makes a product
  13. 21. An item that can be seen or touched
  14. 22. An item not necessary for survival but adds pleasure and comfort to life
  15. 24. Cannot be perceived by touch
  16. 25. A person who uses goods or services