Across
- 3. Good intended for final use by consumers other than businesses
- 4. Risk-taking individuals who introduce new products or services in search of profit
- 8. Increase in a nation's total output of goods and services over time
- 11. Ability or capacity of a good or service to be useful and give satisfaction to someone
- 13. Work or labor performed for someone
- 15. Alternative that must be given up when one choice is made rather than another
- 16. Meeting place or mechanism through which buyers and sellers of an economic product come together
- 18. Mutual dependence of the economic activities of one person, company, region, or nation on those of another person, company, region, or nation
- 24. Quality of life based on ownership of necessities and luxuries that make life easier
- 26. Monetary worth of a good or service as determined by the market
- 28. Monetary value of all final, goods, services, and structures produced within a country's national borders during a one-year period
- 29. Social science dealing with how people satisfy seemingly unlimited and competing needs and wants with the careful use of scarce resources
- 32. Productive resources needed to produce goods
- 33. Markets in which productive resources are bought and sold
- 34. Tool, equipment, or other manufactured good used to produce other goods and services
- 35. A social movement that was aimed at promoting the interests of consumers
- 36. Sum of tangible economic goals that are scarce, useful, and transferable from one person to another
- 37. Division of work into a number of separate tasks to be performed by different workers
Down
- 1. Market economy in which privately owned businesses have the freedom to operate for a profit with limited government intervention
- 2. Item that wears out, is used up, or lasts for fewer than three years when used regularly
- 5. Assignment of tasks to the workers, factories, regions, or nations that can perform them most efficiently
- 6. Diagram representing all possible combinations of goods and/or services an economy can produce when all productive resources are fully employed
- 7. People with all their abilities and efforts
- 9. Comparison of the cost of an action to its benefits
- 10. Apparent contradiction between the high value of a nonessential item and the low value of an essential item
- 12. Tools, equipment, and factories used in the production of goods and services
- 14. Sum of people's skills, abilities, health, and motivation
- 17. Cost of the next best alternative use of money, time, or resources, when one choice is made rather than another
- 19. Good that lasts for at least three years when used regularly
- 20. Natural resources or "gifts of nature" not created by human effort
- 21. Something we would like to have but is not necessary for survival
- 22. Market in which goods and services are bought and sold
- 23. Tangible economic product that is useful, transferable to others, and used to satisfy wants and needs
- 25. Basic requirement for survival, including food, clothing, and shelter
- 27. Simplified version of a complex concept or behavior expressed in the form of a graph, figure, equation, or diagram
- 30. Fundamental economic problem facing all societies resulting from a combo of scarce resources and people's virtually unlimited wants and needs
- 31. Measure of the amount of output produced in a specific time period with a given amount of resources