Across
- 4. -ability or capacity of a good or service to be useful and give satisfaction to someone
- 6. -good that lasts for at least three years when used regularly
- 9. - social science dealing with how people satisfy seemingly unlimited and competing needs and
- 12. -item that wears out, is used up, or lasts for fewer than three years when used regularly
- 14. -capable of being passed from one person to another
- 15. -good intended for final use by consumers other than businesses
- 16. -sum of tangible economic goods that are scarce, useful, and transferable from one person to another; excludes services
Down
- 1. - fundamental economic problem facing all societies resulting from a combination of scarce resources and people's virtually unlimited needs and wants
- 2. -tool, equipment, or other manufactured good used to produce other goods and services; a factor of production
- 3. -not physical; something that cannot be touched
- 5. -monetary worth of a good or service as determined by the market
- 7. -gradual collection of goods
- 8. of value -apparent contradiction between the high value of a nonessential item and the low value of an essential item
- 10. -something we would like to have but is not necessary for survival
- 11. -work or labor performed for someone; economic product that includes haircuts, home repairs, and forms of entertainment
- 13. -basic requirement for survival, including food, clothing, and shelter