Across
- 3. money a person saves for retirement
- 5. a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers
- 6. items you purchase
- 8. tools, machinery, etc. made by man to produced goods and services
- 10. the something you choose when you make a choice
- 11. natural resources from the earth used to produce goods and services
- 13. a service or other asset used to produce goods and services that meet human needs and wants.
- 16. the workers used to produce goods and services
- 17. what a person must have to survive
- 19. economic term that means limited
- 21. system in which economic decisions are made the same way they were in the past
- 23. finding "best available" values of some objective function given a defined domain
- 25. an item used in conjunction with another good
- 26. system in which the GOVERNMENT makes most of the economic decisions
- 27. economist who supported CAPITALISM in book Wealth of Nations
- 28. to increase to the greatest possible amount or degree
- 29. scientific inventions that increase productivity
Down
- 1. a person's unlimited desires
- 2. rich country
- 4. when a person or business produces only one kind of product and then the products are exchanged
- 7. a task you pay someone to do for you
- 9. an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service
- 10. what you sacrifice or give up when you make a choice
- 12. the things necessary to make a good or service
- 14. someone who risks time and money to start a business
- 15. a social science concerned with the production, distribution, and consumption of goods and services
- 18. poor country
- 20. system in which the CONSUMERS and PRODUCERS (buyers & sellers) make most of the economic decisions
- 22. when people in an economy trade goods & services
- 24. a branch of economics that studies how an overall economy—the market systems that operate on a large scale—behaves.