Across
- 4. Risk taker in search of profits
- 5. A way of expressing a need
- 10. Intent for final use
- 11. "gifts of nature"
- 13. Society cannot produce all that it wants
- 14. worth that can be expressed in $ amount
- 15. A location or other mechanism that allows buyers and sellers to exchange a certain product
- 16. capacity to be useful and provide satisfaction
Down
- 1. The sum of the skills, abilities, health, and motivation of people
- 2. Where productive resources are bought and sold
- 3. Basic requirements for survival
- 6. Measure of the amount of output produced by a given amount of input
- 7. The study of human efforts to satisfy what appears to be unlimited and competing wants through the careful use of relatively scarce resources.
- 8. Accumulation of products that are tangible, scarce useful and transferable
- 9. An item that is economically useful or satisfies an economic want
- 12. The tools, equipment machinery, and factories used in the production of goods and services