Across
- 3. mutual dependence of economic activities of one person company or nation
- 5. quality of life based on ownership of necessities and luxuries that make life easier
- 6. monetary value of all final products services and structer in a one year period
- 9. risk taking people who introduce new products or services in search of profit
- 11. natural resources not created by human effort
- 12. sum of peoples skills abilities health and motivation
- 13. basic requirement for survival
- 16. tools equipment factories
- 17. ability or capacity of a good or service to be useful and give satisfaction
- 19. good that lasts at least 3 years
- 21. work or labor performed by someone
- 23. markets in which productive resources are bought and sold
- 26. social science dealing with how people satisfy seemingly unlimited and competing needs and wants
- 29. simplified version of a complex concept or behavior expressed in the form of graph figure equation diagram
- 30. tool equipment or other good used to produce other goods and services
- 31. cost of next best alternative use of money time or resources
- 32. dividing work into a number of separate tasks to be preformed by different workers
- 33. apparent contradition between the high value and the low value of an item
- 34. good that lasts less than 3 years
- 36. market in goods and services and bought and sold
- 37. productive resources needed to produce goods land capital labor entrepreneurship
Down
- 1. a social movement that was aimed at promoting interests of consumers
- 2. sum of tangible estructuregoods that are scarce useful and tangable from one person to another
- 4. diagram representing all possible combinations of a good or service
- 7. assigned tasks to the workers regions or nations that can perform most efficiently
- 8. market economy in which private businesses can operate for a profit
- 10. measure of the amount of output produced in a specific time period
- 14. comparison of cost of an acting to its benefits
- 15. something we would like to have
- 18. monetary worth of a good or service as determined by the market
- 20. meeting place or mechanism through buyers and sellers to come together
- 22. increase in a nations total output of goods and services
- 24. alternative that must be given when one choice is made rather than another
- 25. economic product that is useful and transferrable
- 27. fundamental economic problem facing all societies
- 28. good intended for final use by consumers
- 35. people with all abilities and efforts