Economics Vocabulary Sections 1-2

Palavras horizontais

1. can live without (5)
3. the additional cost incurred in the production of one more unit of a good or se (13)
5. land, labor, capital and entrepreneurship (21)
7. a procedure for estimating all costs involved and possible profits to be derived (21)
9. defined as the problem of how best to distribute limited resources (9)
11. cannot live without (5)
12. the process of starting a business or other organization (16)
14. assets used for the production of goods and services (7)
16. items that satisfy human wants (5)
18. the general body of wage earners (5)
20. the total satisfaction received from consuming a good or service (8)

Palavras verticais

2. unlimited wants, limited recourses (8)
4. involves a sacrifice that must be made to get a certain product or experience (9)
6. anything that motivates a person to do something (9)
8. a person who purchases goods and services for personal use (8)
10. a transaction in which no physical goods are transferred from the seller to the (8)
13. a person, company, or country that makes, grows, or supplies goods (8)
15. the comparison of one economic choice to the next best choice (16)
17. the resource that encompasses the natural resources used in production. (4)
19. a maximum amount a consumer is willing to pay for an additional good or service (16)