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Ch 13 vocab cross Crossword
Down
:
1) resources people have for producing goods and services to satisfy wants
2) difference betwen total cost of production and total revenues received from buyers
4) use money to help start or grow a business
5) resources are always limited compared with the number and variety of wants people have
8) gov. that owns or controls the factors of production and makes basic economic decisions
11) one that is a mixture of the three basic systems
12) practical application of science to commerce or industry
Across
:
3) highest valued benefit given up when a choice is made
6) system inwhich individuals in a market economy are free to undertake economic activities with little or no control from the gov.
7) amount
9) act of buying/using goods and services
10) system in which people make their own decisions about how to save resources as capital and how to use their capital to produce goods and provide services
13) anything produced in an economy that is used to produce other goods and services
14) basic economic decisons are made according to long established patterns of behavior that are unlikely to change
15) system in which private individuals make own choices about production, distribution, and consumption
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