garett econ 1.2 vocab per 4

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Across
  1. 3. location or place or way sellers can sell and buyers can buy
  2. 6. manufactured goods used to produce other goods and services
  3. 10. goods and services that are useful, scarce and transferable to other people
  4. 13. item that is economically useful and wanted
  5. 14. it is tangible, scarce, useful and transferable
  6. 15. work is arranged so that individual workers do fewer tasks than before
  7. 16. capital skills, abilities, health and motivation of people
  8. 17. capable of being useful and give satisfaction
Down
  1. 1. when factors of production perform tasks that they are good at
  2. 2. necessities (water) have little monetary value and non-necessities (diamonds) have great monetary value
  3. 4. measure of the amount of output given inputs
  4. 5. when a nation's total output of goods and services and increases over time
  5. 7. work that is performed for someone
  6. 8. relying on others to provide goods and services
  7. 9. intended for use by a person
  8. 11. where producers sell their goods and services to consumers
  9. 12. markets where [productive resources are bought and sold