Economics Term Crossword

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Across
  1. 3. any item that is readily accepted by people in return for goods and services
  2. 9. allows employees to work faster and produce a greater number of products
  3. 12. people who decide to buy things
  4. 13. buildings, structures, machinery and tools used in production process
  5. 15. use of technical knowledge and methods to create new products or make existing products more efficiently
  6. 16. resources that can be used to produce goods and services
  7. 18. people who make the things that satisfy consumers needs and wants
  8. 21. sacrifice of one good in order to purchase or produce another item
  9. 22. people exchange one set of goods for another
  10. 26. any human effort exerted during production
  11. 28. actions or activities performed for a fee
  12. 30. manufactured materials used to create products
  13. 31. worth of a good/service for the purpose of exchange
  14. 32. events or developments in one region of the world or sector of the economy influence events or developments in other regions or sectors
  15. 34. physical objects that can be purchased
  16. 35. examines the behavior of entire economics
Down
  1. 1. a person who studies these economic choices
  2. 2. person who attempts to start a new business or introduce a new product
  3. 4. goods and services people buy
  4. 5. someone who fulfills all their need without outside assistance
  5. 6. value of the next best alternative that is given up to obtain the preferred item
  6. 7. the action of making or manufacturing from components or raw materials
  7. 8. third form of exchange allowing consumers to use items before completing payment
  8. 10. to distribute
  9. 11. study of the choices made by economic actions
  10. 14. shows all of the possible combinations of two goods and services that can be produced within a state of time
  11. 17. items provided by nature that can be used to provide goods and services
  12. 19. usefulness to a person
  13. 20. anything people use to make or obtain what they need or want
  14. 23. level of output that results from a given level of input
  15. 24. use of the smallest amount of resources to produce the greatest amount of output
  16. 25. producers and consumers agree to provide one type of item in return for another
  17. 27. division of complex procedure into small tasks, enabling workers to increase output through specialization
  18. 29. combination of limited economic resources and unlimited wants results in this condition
  19. 33. study of the choices that people make to satisfy their wants and needs