Across
- 2. capable of being passed from one person to another
- 3. not physical;something that cannnot be touch
- 5. covering many or all areas
- 7. something we would like to have but is not necessary for survival
- 13. tool,equipment, or other manufactured good used to produce other goods and services; a factor of entertainment
- 15. basic requirement for survival, including food,clothing,and shelter
- 17. good intended for final use by consumers other than businesses
- 19. fundamental economic problem facing all societies resulting from a combination of scarce resources and people's virtually unlimited needs and wants.
Down
- 1. good that lasts for at least 3 years when used regularly
- 4. social science dealing with how people safely satisfy seemingly unlimited and competing needs and wants with the careful use of scarce resources
- 6. item that wears out,is used up, or lasts for fewer than 3 years when used regularly
- 8. gradual collection of goods
- 9. sum of tangible economic goods thats are scarce,useful,and transferable from one person to another;excludes services
- 10. apparent contradiction between the high value of a nonessential item and the low value of an essential item
- 11. monetary worth of a good or service as determined by the market
- 12. tangible economic product,transferable to others,and used to satisfy wants and needsdurable
- 14. ability or capacity of a good or service to be useful and give satisfaction to someone
- 16. work or labor performed for someone;economic product that includes haircuts,home repairs,and forms of entertainment
- 18. monetary value of all final goods,services,and structures produced withina country's national borders during a one-year period