Economics Crossword Puzzle

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Across
  1. 5. the study of how people seek to satisfy their needs and wants by making choices.
  2. 6. an economic theory based on private property, self-interest, competition, and market mechanisms, with little to no government involvement.
  3. 8. rewards that encourage positive behaviors that make people better off.
  4. 10. the value of the best alternative you must pass up for an item.
  5. 12. something that people desire but that is not necessary for survival.
  6. 13. a market-based economic system in which the government is involved to some extent.
  7. 17. an economic theory that advocates for a classless society in which the means of production are owned by the government and private property does not exist.
  8. 18. the principle that limited amounts of goods and services are available to meet unlimited wants.
  9. 20. penalties that are intended to discourage behaviors that make people worse off.
  10. 21. all natural resources used to produce goods and services.
  11. 22. the actions or activities that one person performs for another.
  12. 23. someone who creates and supplies goods or services.
Down
  1. 1. an economic theory based on the collective ownership of the means of productions for each individual to benefit equally from the economy.
  2. 2. a person who decides how to combine resources to create goods and services.
  3. 3. the act of buyers and sellers freely and willingly engaging in economic/market transactions.
  4. 4. the knowledge and skills a worker gains through education and experience.
  5. 7. used to compare goods and services in terms of money.
  6. 8. the human-made objects used to create other goods and services.
  7. 9. the physical objects that someone produces.
  8. 11. options that must be given up when one is chosen rather than another.
  9. 13. used to pay for goods and services.
  10. 14. something essential for survival.
  11. 15. an economic system in which the government makes all decisions on the three key economic questions.
  12. 16. an economic system in which decisions on the three key economic questions are based on supply and demand and the voluntary exchange between buyers and sellers in markets.
  13. 19. one that consumes, especially one that acquires goods or services for direct use or ownership.
  14. 21. the effort people devote to tasks for which they are paid.