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Economics1 Crossword
Down
:
1) Someone who combines land, labor, & capital to produce goods & services
4) Resources required to produce goods & sercives
5) Compares the costs of an action to the benefits receices
9) The loss of th enext most desirable good or service that could have been produced from a resource
10) Market in which buisnesses sell finished products to individuals for $
11) Measure of the amount of output produced by a given amount of inputs in a specific period of time
13) they way people deal with the problem of scarcity
14) Satisfaction recieves from a good or service
16) Anything that people can use to make or what they need or want
18) The work that people do
20) Natural resources
Across
:
2) Limited resources & unlimited wants
3) Worth that can be expressed in $ & cents
6) Activity that is preformed for someone for a fee
7) Market in which individuals sell the factors of production to buisnesses for $
8) Intended for final use by individual
12) Some necessities have little monetary value & nonnecessities have higher vlaues
13) The study of how people deal with the problem of scarcity
15) The process of creating goods & services
17) Graph representing various combinations of goods & services that can be produces by existing resources & technology
19) Previously manufactured goods that can be used to produce other goods & sercives
21) What you give in order to gain
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