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Economics



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H U M A N R E S O U R C E S   O   D   D     A                  
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4 Money left after selling goods and services and costs of operating a business have been paid.
5 Goods that are purchased to add comfort or pleasure to life.
6 Necessities required for living.
7 Process of choosing which needs or wants will be satisfied.
8 Economic system in which decisions are based on customs and centered on family.
9 Buys and uses the goods and services.
10 Means from which goods and services are produced.
11 Opportunity to make choices of goods and services and accept consequences of decisions.
13 Raw materials supplied by nature.
15 Right to purchase,use, and discard of things of value.
16 Economics system in which the government owns resources and dictates what is produced.
17 Economic system which freedom to consume and produce goods and services exists.
18 Value of the next-best alternative that is forgone to produce or obtain another product.
21 Goods and money used in the production of goods and services.
25 People using efforts,knowledge, and skills at work to produce goods and services.
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1 Anywhere goods and services exchange hands.
2 Businesses that offer the same goods to the same customers.
3 Goods and services are owned and controlled by the people.
7 The initiative to combine natural,human, and capital resources.
12 Combines elements of the command and market economies.
14 Activities that can be consumed at the time of purchase to satisfy need and wants.
19 Items that can be purchased to satisfy needs and wants.
20 Individuals and organizations that determine which goods and services will be available for consumption.
22 Study of the decisions made for production,distribution, and consumption of goods and services to satisfy needs and wants.
23 Condition that exists when wants or needs exceed resources available.
24 Process of giving up something for gaining something else.
26 The point where supply and demand are equal.
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