tyler 1.2 vocabulary

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Across
  1. 3. the sum of the skills, abilities, health and motivation of people
  2. 8. markets where producers sell their goods and services to consumers
  3. 10. is intended for final use by individuals
  4. 11. goods and services that are useful relatively scarce, and transferable to others
  5. 13. a location or other mechanism that allows buyers and sellers to exchange a certain economic product
  6. 14. in an economic sense is the accumulation of those products that are tangible, scarce, useful and transferable from one person to another
  7. 15. when manufactured goods are used to produce other goods and services
  8. 16. markets where productive resources are bought and sold
  9. 17. the capacity to be useful and provide satisfaction
Down
  1. 1. means that we rely on others, and others rely on us, to provide the goods and services that we consume
  2. 2. takes place when work is arranged so that individual workers do fewer tasks than before
  3. 4. refers to worth that can be expressed in dollars and cents
  4. 5. an item that is economically useful or satisfies an economic want
  5. 6. when a nation’s total output of goods and services increases over time
  6. 7. work that is performed for someone
  7. 9. a measure of the amount of output produced by a given amount of inputs in a specific period of time
  8. 12. is the situation where some necessities have little monetary value (water) and some non-necessities have a much higher value (diamonds)