Econimics 1 Crossword
|
Down:
1) Anything that peploe use to make what they need or want
2) 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
4) Hildings, Mechinery, tools or other Manufatured itemes used in the production process.
Money used to purchase capital goods and human rescoces. 5) Rescoures that can be used to produce goods and services 6) Materials ued to creat or produce goods and services. 7) Any human effort excerted during the production of goods or service, phyiscial or intellectual. 10) 18th century Scottish philosopher and economist most famous book – The Wealth of Nations (1776)11) Freedom to own, use, or dispose of, our own property as long as we don’t interfere with the rights of others.13) Economic system in which private citizens own and use the means of production in order to seek profit. |
Across:
3) Actions or activies performed for a fee8) Items provied by nature that can be used to produce goods and services - Ex. trees , farm land. oil, and coal. 9) Goods and services beyound what is necesary for servial.12) Good and services nessary for survial, such as food, clothing, air, water and shelter14) – 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) natural rights “life, liberty, and property” 16) The studdy of the chocies people make to satisfy their needs and wants |
 |
|
|