Across
- 5. amount of good that is bought at a certain price
- 6. coined, metallic money
- 8. land and other raw materials
- 10. a situation in which the quantity supplied exceeds the quantity demanded at a given price
- 11. the desire to work to improve one's economic situation
- 13. the separation of work into individualized tasks
- 18. usefulness of a good
- 21. point at which quantity demanded and quantity supplied are equal
- 22. the human desire to possess or use a certain good or service
- 23. the study of choices made in the production, distribution and consumption of goods
Down
- 1. antitrust law
- 2. legal tender backed only by a government's promise
- 3. an individual who uses goods
- 4. when there are no substitutes and consumers will pay high prices for a product
- 7. exchange of one good for another without money being exchanged
- 9. amount of a good that is produced
- 10. limited availability of goods at a particular time and place
- 12. a market in which there is only one supplier of a good
- 14. the worth that consumers attach to a good
- 15. production of goods by people doing the jobs they do best
- 16. the total amount of a good that is produced
- 17. father of economics
- 19. encourages quality and low prices
- 20. groups of firms that produce similar products