Across
- 2. unlimited wants exceeds limited resources
- 4. government determines what to produce, for whom, and how
- 6. actions or activities, like hair cut, oil change
- 7. resources goes to the person who won
- 10. Person in control of how resources are allocated
- 13. someone who takes a risk to start a business
- 14. factor of production that includes work done by humans
Down
- 1. strategies used to divide resources
- 3. physical objects like cars, tables, shirts
- 5. economic decisions based on price systems and competition
- 8. based on trading or bartering
- 9. how people seek to satisfy needs and wants
- 11. random selection/equal chances of winning
- 12. factor of production that includes knowledge and machines