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Economics Unit 1 Crossword
Down
:
1) Scottish political economist & philosopher, wrote Wealth of Nations, believed that competition is the key to a healthy economy.
2) Ability to understand basic economic concepts including saving, investin, & borrowing money.
3) That which is given up when a choice is made.
4) Those who perform the work to produce a good or service.
5) The value of something that is given up to get something else that you want.
6) Money, as well as, all the things that humans need to produce a good or service.
8) The person(s) who take the risk to start a business.
9) Are things which are produced or manufactured (man-made)
11) Anything used to produce a good or service. Can be human or or non-human.
Across
:
7) The study of how individuals, companies, and countries make choices.
10) Anything that is found or comes from land; not man-made.
12) The condition of resources being finite, not enough to meet wants & needs
13) Something necessary to have in order to remain alive.
14) Unlimited. A desire for things we would like to have but don't require.
15) Refer to work done for other people.
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