Econimics 1 Crossword
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
 
 
Down: 1) Any human effort excerted during the production of goods or service, phyiscial or intellectual. 2) Materials ued to creat or produce goods and services. 3) natural rights “life, liberty, and property” 5) Items provied by nature that can be used to produce goods and services - Ex. trees , farm land. oil, and coal. 7) places where goods and services are bought and sold and where prices are set. - When you work, you sell your labor to your employer, in return, they pay you – (factor market) - Product market – people shop, and buy goods or service. - Consumers – people who purchase goods and services. - Consumer poverty– buyers rule the market 8) Economic system in which private citizens own and use the means of production in order to seek profit.13) Good and services nessary for survial, such as food, clothing, air, water and shelter Across: 4) The studdy of the chocies people make to satisfy their needs and wants6) Rescoures that can be used to produce goods and services 9) Actions or activies performed for a fee10) Freedom to own, use, or dispose of, our own property as long as we don’t interfere with the rights of others.11) Anything that peploe use to make what they need or want 12) Hildings, Mechinery, tools or other Manufatured itemes used in the production process. Money used to purchase capital goods and human rescoces. 14) – the individual freedom to make economic decisions Freedom to… Chose your type of job or occupation Chose products you buy Chose products to produce or services to offer Freedom to succeed, but also freedom to fail 15) 18th century Scottish philosopher and economist most famous book – The Wealth of Nations (1776)16) Goods and services beyound what is necesary for servial.
 

 

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