Across
- 2. Demand Law that states when prices of goods and services fall, consumers purchase more of it
- 4. who makes good or offers a service
- 8. Goods that the consumers demand more of when their income rises
- 11. benefit to entice consumers to purchase a good or service
- 13. and ability for producers to offer goods or services
- 16. Person who chooses not to pay for goods or services but reaps the benefits
- 18. services essential for living
- 19. resources found above and below ground
Down
- 1. a change in price occurs, the demand change is minuscule
- 3. of economic system based on private ownership of production
- 4. object that can be purchased
- 5. of the economy as a whole
- 6. or situation in which people buy and sell goods and services
- 7. one person preforms for another for payment
- 8. or services that can be used in place of another to satisfy a customer
- 9. desire for good or service
- 10. gain from business transaction
- 12. for good or service and ability to pay for it
- 14. of economic system where government owns some or all parts of production
- 15. time, effort, and talent that is used to create goods or services
- 17. of individuals in an economy
- 20. situation where two or more independent people try to gain business by offering the best deals