Across
- 4. something that is desired for satisfaction
- 5. a good's or service's ability to provide satisfaction, which varies with the needs and wants of each person
- 6. items that are economically useful or satisfy an economic want
- 8. the condition where unlimited human wants face limited resources
- 11. the alternative choices people face when making an economic decision
- 12. work performed for someone and are intangible
- 13. a cost or benefit that motivates a decision or action by consumers, workers, firms, or other participants in the economy
- 16. means by which something is produced and includes money, tools, equipment, machinery, and factories
- 17. the combination of goods and/or services that can be produced when all productive resources are used
Down
- 1. risk-takers who combine land, labor, and capital into new products
- 2. the four factors of production required to produce goods and services
- 3. the accumulation of goods that are tangible, scarce, useful, and transferable to another person
- 7. the money, time, or resources a person gives up to make their final choice
- 9. workers who apply their effort, abilities, and skills to production
- 10. worth expressed in dollars and cents
- 14. something that is required for survival
- 15. a limited resource including minerals, vegetation, animal life, and climate