Across
- 4. something necessary for survival
- 5. human-made resources used in production
- 7. implies limited quantities of resources to meet unlimited wants
- 9. Capital knowledge and skills a worker gains through education and experience
- 11. all natural resources
- 12. when producers cannot offer goods or services at current prices
- 13. all of the effort which people devote to a task for which they are paid
Down
- 1. the study of how people seek to satisfy needs and wants by making choices
- 2. physical objects provided to consumers
- 3. actions that one performs for a consumer
- 6. leaders who combine factors of production to create new goods and services
- 8. Capital human-made objects used in the production of others
- 10. of Production land, labor, and capital