Across
- 6. basic problem in economics
- 11. tools/machinery used to produce
- 13. risk taker in search of profits
- 16. factors of production are bought/sold
- 17. producers sell goods/services
- 18. dollar value on goods, services, structure
- 20. gifts of nature
- 21. accumulation of tangible items
- 22. useful and provides satisfaction
- 23. study of how people satisfy needs
- 25. mechanism allows people to buy and sell goods
Down
- 1. people's efforts, skills, abilities
- 2. land, labor, capital, entrepreneur
- 3. intended for final use by people
- 4. lasts 3+ years
- 5. sum of people's skills, abilities, etc
- 7. total output increases over time
- 8. something we'd like to have
- 9. does NOT last 3+ years
- 10. people perform only tasks they excel in
- 12. work performed for someone
- 14. useful, tangible, item
- 15. measure of amount produced
- 19. worth in dollars/cents
- 24. basic requirements for survival