Fundamentals of Economics

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Across
  1. 2. Physical items that people buy, like food, clothes, or cars.
  2. 6. The work done by people to produce goods and services.
  3. 10. The process of deciding how to distribute resources.
  4. 11. A reward or punishment that motivates people to act in a certain way.
  5. 13. The idea that there are limited resources to meet unlimited wants.
  6. 14. Actions or activities done for others, like teaching or haircuts.
Down
  1. 1. Basic things people must have to survive, like food, water, and shelter.
  2. 3. Cost The next best alternative given up when making a choice.
  3. 4. Tools, machines, and buildings used to produce goods and services.
  4. 5. Cost The extra cost of producing one more unit of something.
  5. 7. A person who buys goods and services.
  6. 8. A person or business that makes goods or provides services.
  7. 9. A person who starts a business and takes risks to make a profit.
  8. 12. Things people desire but do not need to survive.