What's the study of how individuals, families, buisness, and societies use limited resouses to fulfill their unlimited wants?
Economics
What means that people do not have and cannot have enough income, time, and other resources to satisfy their every want?
Scarcity
What are resources needed to produce goods and services
Factors of production
What refers to natural resources present without human intervention?
Land
What is known as a human resources?
Labor
What are tangible items that people buy?
Goods
What are activities done for others for a fee?
Services
What are the manufactured goods used to make other goods and services?
Capital
What is the ability to produce greater quantities of goods and services in better and faster ways?
Productivity
What is the ability of risk taking individuals to develop new products and start new businesses in order to make profits?
Entrepreneurship
What is the advance in knowledge leading to new and improved goods and services and better ways of producing them?
Technology
What is sacrificing one good or service to purchase or produced another?
Trade off
What's the value of the next best alternative given up for the alternative that was chosen?
Opportunity cost
What's the branch of economic theory that deals with behavior and decision making by small units
Microeconomics
What the branch of economic theory and dealing with the economy as a whole and decision making as a whole?
Macroeconomics
What's the production and distribution of goods and services in a society?
Economy
What's an assumption involving two or more variables that must be tested for validity?
Hypothesis
What is a graph showing the maximum combination of goods and services that can be produced from a fixed amount of resources in a given period of time?
Production curve

Preview of Crossword

Make this Crossword your own

Add, edit, delete clues, and customize this crossword. Print copies for an entire class. All in 5 minutes.

Icon crossword    Create my Crossword now    

Your customized Crossword will be in your hands in five minutes.

Related Puzzles

Entrepreneurship Vocab Review

27 terms
Created on Mar 29, 2016

Economic Terms

15 terms
Created on Apr 15, 2016

Economics Vocabulary

23 terms
Created on May 14, 2016

economics

29 terms
Created on Jun 7, 2016

Economics Chapter 1

13 terms
Created on Aug 16, 2016

Economic vocab

22 terms
Created on Aug 25, 2016

Chapter 1 vocabulary

19 terms
Created on Aug 25, 2016

Chapter 1 Vocabulary

20 terms
Created on Aug 25, 2016

Consumer ec

19 terms
Created on Aug 25, 2016

Economics Chapter 1 and 2 Crossword Puzzle

10 terms
Created on Aug 31, 2016

Economy vocabulary

18 terms
Created on Sep 6, 2016

Economic Unit 1

15 terms
Created on Sep 9, 2016

Chapter 1 & 2

20 terms
Created on Sep 15, 2016

Economics crossword ch 1

20 terms
Created on Sep 16, 2016

Natural Resources Crossword Puzzle

14 terms
Created on Oct 11, 2016

US Economics

25 terms
Created on Oct 12, 2016

econ extra credit

27 terms
Created on Dec 12, 2016

Unit 6 Vocabulary

17 terms
Created on Feb 14, 2017

Business organizations

23 terms
Created on Sep 28, 2017

fundamentals of economics

23 terms
Created on Jan 23, 2018