Across
- 1. not a basic need for survival it is a desire
- 4. worth that can be expressed in dollars and cents
- 6. people who take risks in search of profit
- 7. the study of how people try to satisfy seemingly unlimited wants and needs with limited resources
- 10. acronym for never having free lunch
- 11. a location or mechanism that allows buyers and sellers to exchange certain economic products
- 13. a measure of the amount of output produced by a given amount of inputs
- 16. includes people with all their efforts and abilities
Down
- 2. work that is preformed by someone
- 3. basic need for survival
- 5. one of the four factors of production the gift of nature
- 8. a person who uses goods and services
- 9. a diagram representing various combinations of goods and or services the economy can produce
- 12. the capacity to be useful and provide satisfaction
- 14. Alternative choice
- 15. the equipment used to produce goods