Core Concepts 5 Key Terms Crossword

study of how people meet their wants and needs
having a limited quantity of resources to meet unlimited wants.
cost of what you have to give up when making a choice.
desire for a particular good or service.
amount of a good or service that is available for use.
person or business that makes and sells products.
person or business that buys, or consumes, products.
factor that encourages people to behave in a certain way.
organized way for producers and consumers to trade goods and services
money a company has left over after subtracting the cost of doing business.
money earned by selling goods and services and through taxes.
act of concentrating on a limited number of goods or activities.
struggle among producers for consumers’ money.
general increase in prices.
zero or negative economic growth for six or more months in a row.
economy in which people make economic decisions based on their customs and habits.
economy in which individual consumers and producers make all economic decisions.
economy in which the central government makes all economic decisions.
economy that combines elements of traditional, market, and command economic systems.