Economics Vocabulary Crossword

German economist & socialist revolutionary.
TR>TC
Something that encourages or motivates a person to take action.
additional
tasks that people pay others to perform for them.
all the natural resources found in nature.
produced goods that can be used as resources for further production.
the most highly valued opportunity or alternative forfeited when a choice is made.
the way in which a society decides what goods to produce, how to produce them, and for whom.
an economic system in which government controls controls and may own many of the resources.
an economic system in which individuals (not government) own most, if not all, the resources and control their use.
an economic system in which the answers to the three economic questions are based on customs, traditions, and cultural beliefs.
any good that is owned by an individual or a business.
any good that is owned by the government
the amount of money by which total cost exceeds total revenue.
the point at which the quantity of a good that buyers are willing and able to buy is equal to the quantity that sellers are willing and able to produce.
any place where people come together to buy and sell goods or services.
the willingness and ability of sellers to produce and offer to sell different quantities of a good at different prices during a specific time period.
the quality of bringing satisfaction or happiness.
outcomes that are not the ones foreseen and intended by a purposeful action.