the study of using scarce resources to satisfy unlimited wants
economics
the "big picture" of economics
macroeconomics
includes land, labor, and capital
factorsofproduction
can be either natural resources or location
land
previously manufactured goods used to produce other goods
capital
ideas, innovations, and inventions
entrepreneurship
the work that people do
labor
the value of the next best alternative
opportunitycost
system where decisions are made according to customs
traditional
system where government controls the resources
command
system includes elements of market and command
mixed
tangible items
goods
the basic problem of economics
scarcity
the amount of output that results from given level of input
productivity
activities done for others for a fee
services
using science to develop new methods of production
technology
an educated guess
hypothesis
another name for a market system
capitalism
french term means minimal government interference
laissezfaire
amount of $ left over after expenses have been paid
profit
rivalry among producers
competition

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

Economics Project #1

13 terms
Created on Feb 29, 2016

Entrepreneurship Vocab Review

27 terms
Created on Mar 29, 2016

Economic Terms

15 terms
Created on Apr 15, 2016

economics

29 terms
Created on Jun 7, 2016

Vocabulary

19 terms
Created on Aug 25, 2016

Economic vocab

22 terms
Created on Aug 25, 2016

Chapter 1 vocabulary

19 terms
Created on Aug 25, 2016

Vocab

18 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

SSEF4,5,6 vocabulary

27 terms
Created on Aug 31, 2016

Economy vocabulary

18 terms
Created on Sep 6, 2016

Chapter 1 & 2

20 terms
Created on Sep 15, 2016

Chapter 1 econ vocab

21 terms
Created on Sep 15, 2016

Economics

20 terms
Created on Sep 16, 2016

Chapter 1+2

20 terms
Created on Sep 16, 2016

Economics Vocabulary

16 terms
Created on Sep 21, 2016

Esther's Economic Crossword

22 terms
Created on Oct 4, 2016

econ extra credit

27 terms
Created on Dec 12, 2016

Econ unit one out-of-the-box-assignment

16 terms
Created on Jan 19, 2017