Across
- 2. land, labor, and capital; the three groups of resources that are used to make all goods and services
- 6. the number of consumers who want a good or service
- 9. a situation in which unlimited wants exceed the limited resources available to fulfill those wants
- 10. a person, company, or country that makes, grows, or supplies goods or commodities for sale
- 12. economic system in which decisions on production and consumption of goods and services are based on voluntary exchange in market
- 13. amount of a good or service that is available for use
Down
- 1. the thing that people must give up in order to do what they want most
- 3. economic system that relies on habit, custom, or ritual to decide questions of production and consumption of goods and services
- 4. a person who purchases goods and services for personal use
- 5. the financial gain received by selling something for more than it cost to make it
- 7. money earned from working
- 8. anything produced in an economy that is used to produce other goods and services\
- 11. a system by which goods and services are produced and distributed