Across
- 2. good that lasts for at least three years when used regularly
- 5. Capable of being passed from one person to another
- 6. the monetary value of all final goods, services, and structures produced within a country’s borders in a 12-month period.
- 9. fundamental economic problem facing all societies resulting from a combination of limited resources and people's virtually unlimited needs and wants
- 10. Something we would like to have but is not necessary for survival
- 11. the capacity to be useful and provide satisfaction.
- 12. a contradiction where some necessities, such as water, had a very low monetary value. On the other hand, some nonnecessities, such as diamonds, had a very high value
- 13. is the accumulation of products that are tangible, are scarce, have utility, and are transferable from one person to another.
- 14. tangible economic product that is useful, transferable to others and used to satisfy wants and needs
- 16. is a basic requirement for survival, including food, clothing, and shelter
- 18. item that wears out, is used up, or lasts for fewer than three years when used regularly
- 19. unable to be touched or grasped; not having physical presence.
Down
- 1. the acquisition or gradual gathering of something.
- 3. a term that refers to a worth that can be expressed in dollars and centsmammal
- 4. is a tool or good such as machinery or equipment that is used by businesses to produce other products.
- 7. work that is performed for someone.
- 8. is a good intended for final use by customers other than businesses
- 15. complete; including all or nearly all elements or aspects of something.Accumulation gradual gathering of something.
- 17. social science dealing with how people satisfy seemingly unlimited and competing needs and wants with the careful use of scarce resources