Across
- 3. a location
- 9. a risktaker in search of profits who does something new with existing resources.
- 10. the study of
- 11. people with there effort, ablities and skills
- 14. any good that lasts less than 3 years
- 17. natural resources
- 18. also known as capital
- 21. simply something we would like to have but is not necessary for survival.
- 23. work performed for someone
- 24. any good that will last 3 years or more
- 25. the tools used for production
- 26. understanding
Down
- 1. where producers sell goods and services
- 2. thew amonut of prducts one has that are useful or scares
- 4. goods intended for final use
- 5. land,labor capitial entrepurship
- 6. where factors of production are sold
- 7. the capistey to be useful
- 8. a basic requirement for survival
- 12. something we use everyday
- 13. people try to satisfy seemingly unlimited and competing wants through the careful use of relatively scarce resources
- 15. the dollar value of all final goods, services, and structures produced within a country’s borders in a 12-month period.
- 16. the basic problem in economics
- 19. a worth that can expressed in dollars and cents
- 20. some nonnecessities, such as diamonds, had a very high value
- 22. a usefull tangable item