Final Crossword

5. items purchased to satisfy needs and wants
10. economic resources
11. exchange goods without involving money
13. the price that balances quantity supplied and quantity demanded
15. of demand consumers buy
16. accepting the risk of starting and running a business
18. consumer willingness and ability to buy products
20. a limited portion or allowance of foods or goods; limitation of use
21. an economic system based on private ownership of capital
22. An increase in owner's equity resulting from the operations of a business
23. a positive or negative environmental stimulus that motivates behavior
25. a market in which there are many buyers but only one seller
26. assets that people are generally willing to accept in exchange for goods and services or for payment of debts

1. cost cost of the next best alternative use of money time, or resources when one choice is made rather than another
2. a system where the laws of supply and those of demand direct the production of goods and services.
3. rights are constructs in economics for determining how a resource or economic good is used and owned.
4. a stock of a resource that which a person or place can be provided with the necessary amount of that resource
6. activities performed by people, firms or government agencies to satisfy economic wants
7. An act of creating an output
8. a situation in which unlimited wants exceed the limited resources available to fulfill those wants
9. measurement of the benefit
12. process of giving up something for gaining something else
14. development of skills in a specific kind of work
17. the ratio of the quantity and quality of units produced to the labor per unit of time
19. a place to keep your money
24. a system for producing and distributing goods, and services to full peoples wants