Economics Vocabulary

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Across
  1. 3. How individuals (or a nation) make choices about how to use resources fulfill their wants and needs.
  2. 4. What you have to give up to buy goods and services you want.
  3. 8. An economy where individuals make their own decisions about what to produce and what to consume.
  4. 9. The desire to pay for specific good or service at a price.
  5. 10. Something necessary to survive.
  6. 11. Desire that individuals have that can be met by a good or service.
Down
  1. 1. The lack of resources to satisfy all the wants of a person or country.
  2. 2. The total amount of product available to be purchased at a specific price.
  3. 5. An activity that is sold and offered as a product.
  4. 6. Any item or product that is useful.
  5. 7. An economy where the government makes decisions and controls what gets produced.