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Vocabulary
19
Capital Resources : goods and money used in the production of goods and services.
Command Economy : economics system in which the government own resources and dictates what is produced.
Competitors : businesses that offer the same goods to the same customers.
Consumer : buys and uses the goods and services.
Economic Decision Making : process of choosing which goods and services are produced.
Economic Resources : means from which goods and services are produced.
Economics : study of the decisions made for production, distribution, and consumption of goods and services to satisfy needs and wants.
Entrepreneurial Resources : the initiative to combine natural, human, and capital resources.
Free Enterprise : economic system which freedom to consume and produce goods and services exists.
Freedom of Choice : opportunity to make choices of goods and services and acccept consequences of decisions.
Goods : items purchased to satisfy needs and wants.
Human Resources : people usig efforts, knowledge, and skills at work yo produce goods and services.
Market Economy : goods and wervices are owned and controlled by the people.
Market Price : the point where supply and deman are equal.
Marketplace : anywhere goods and services exhcange hands.
Mixed Economy : combines elements of the command and market economy.
Natural Resources : raw materials supplied by nature.
Needs : necessities required for living.
Opportunity cost : value of the nect best alternative that is forgone to produce or pbtain another product.
Private Property : right to purchase, use, and discard of things of value.
Vocabulary
Across:2. | buys and uses the goods and services. | 5. | businesses that offer the same goods to the same customers. | 7. | right to purchase, use, and discard of things of value. | 8. | the point where supply and deman are equal. | 14. | goods and money used in the production of goods and services. |
| 15. | study of the decisions made for production, distribution, and consumption of goods and services to satisfy needs and wants. | 16. | combines elements of the command and market economy. | 17. | people usig efforts, knowledge, and skills at work yo produce goods and services. | 18. | means from which goods and services are produced. | 19. | economics system in which the government own resources and dictates what is produced. |
| | Down:1. | value of the nect best alternative that is forgone to produce or pbtain another product. | 3. | raw materials supplied by nature. | 4. | process of choosing which goods and services are produced. | 6. | goods and wervices are owned and controlled by the people. | 9. | necessities required for living. |
| 10. | items purchased to satisfy needs and wants. | 11. | economic system which freedom to consume and produce goods and services exists. | 12. | anywhere goods and services exhcange hands. | 13. | opportunity to make choices of goods and services and acccept consequences of decisions. |
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© 2013
PuzzleFast.com, Noncommercial Use Only
Vocabulary
Across:2. | buys and uses the goods and services. | 5. | businesses that offer the same goods to the same customers. | 7. | right to purchase, use, and discard of things of value. | 8. | the point where supply and deman are equal. | 14. | goods and money used in the production of goods and services. |
| 15. | study of the decisions made for production, distribution, and consumption of goods and services to satisfy needs and wants. | 16. | combines elements of the command and market economy. | 17. | people usig efforts, knowledge, and skills at work yo produce goods and services. | 18. | means from which goods and services are produced. | 19. | economics system in which the government own resources and dictates what is produced. |
| | Down:1. | value of the nect best alternative that is forgone to produce or pbtain another product. | 3. | raw materials supplied by nature. | 4. | process of choosing which goods and services are produced. | 6. | goods and wervices are owned and controlled by the people. | 9. | necessities required for living. |
| 10. | items purchased to satisfy needs and wants. | 11. | economic system which freedom to consume and produce goods and services exists. | 12. | anywhere goods and services exhcange hands. | 13. | opportunity to make choices of goods and services and acccept consequences of decisions. |
| |
© 2013
PuzzleFast.com, Noncommercial Use Only