Across
- 2. Location or other mechanism that allows buyers and sellers to exchange a certain economic product
- 4. When manufactured goods are used to produce other goods and services
- 6. Tools, equipment, machinery, and factories
- 7. The situation where some necessities have little monetary value
- 10. Natural resources not created by humans
- 11. Item that is economically useful or satisfies an economic want
- 12. The process of creating goods and services
- 13. Helps to provide education and health care
- 14. Work is arranged so that individual workers do fewer tasks than before
- 16. Society not having enough resources to produce
- 17. People with all their efforts, abilities, and skills
- 18. basic requirement for survival
- 20. A risk-taker in search of profits
- 22. Work that is performed for someone
- 24. A measure of the amount of output produced by a given amount of inputs in a specific period of time
- 25. The capacity to be useful and provide satisfaction
- 26. Intended for final use by individuals
- 27. The markets where productive resources are bought and sold
- 28. Occurs when a nation's total output of goods and services increases over time
- 29. The accumulation of those products that are tangible, scarce, useful, and transferable from one person to another
Down
- 1. Money used to buy the tools and equipment used in production
- 3. Markets where producers sell their goods and services to consumers
- 5. takes place when factors of production perform tasks that they can do relatively more efficiently than others
- 8. We rely on others and others rely on us, to provide the good and services that we consume
- 9. resources required to produce the things we would like to have
- 11. The dollar value of all final goods and services
- 15. Worth that can be expressed in dollars and cents
- 19. Goods and services that are useful and relatively scarce
- 21. A way of expressing a need
- 23. Careful use of relatively scarce resources