Across
- 4. plan that emerges from a broad-based continuous planning process addressing the economic opportunities of a region
- 5. good any good purchased for consumption and not used later to produce another consumer good
- 6. growth an increase in the production of economic goods and services in one period of time compared with a previous period
- 8. market the marketplace where final goods or services are sold to businesses and the public sector
- 10. goods the assets used by businesses in the course of producing their products and services
- 12. capital the stock of knowledge, skills, and other personal characteristics embodied in people that helps them to be productive
- 14. the basic problem in economics
- 16. an inquiry into the nature and causes of wealth of nations
- 18. items that satisfy human wants and provide utility
- 20. of production the inputs used to produce a good or service in order to produce income
- 21. something that can improve your quality of life
- 22. measures the value of all the assets of worth owned by a person, community, company, or country
- 24. an individual who identifies a need in the marketplace and works to fulfill it
Down
- 1. an intangible commodity
- 2. good Tangible products that can be stored or inventoried and that have an average life of at least three years
- 3. of labor the separation of a work process into a number of tasks, with each task performed by a separate person or group of persons
- 7. liquid assets
- 9. market economists use for all of the resources that businesses use
- 11. the worth of a good or service determined by people's preferences and the trade-offs they choose given their scarce resources
- 13. the satisfaction levels consumers receive from buying and using a product or service
- 15. service or other asset used to produce goods and services that meet human needs and wants
- 17. something necessary to live and function
- 19. physical or mental effort especially when hard or required
- 23. any natural resource used to produce goods and services
- 25. how much output can be produced with a given set of inputs