Economic Scarcity Crossword

Making decisions involves a ...
One of the three basic economic questions is '_____ to produce?'
Things we would like to have.
The next best alternative given up when making a decision
Essential for survival
Risk Taker
Resources that are extracted from nature eg oil, plants, fish
A resource that cannot be readily replaced
A person who purchases goods and services for their own use
The study of how people and resources are allocated in society
Limited in supply
Another basic economic question is '_____ to produce?'

Economic Terms Crossword

Economic Terms Crossword

The way a society organizes to produce, distribute, and consume goods and services.
Tradition determines how a society is organized to produce, distribute, and consume goods/services.
Individuals make most of the major decisions about production and distribution of goods and services
A central authority makes most of the major decisions about production and distribution of goods and services
Economic decisions are made by individuals, businesses, and government.
The worth of a good or service that is determined by the total cost of economic resources that went in to producing and providing a good or service.
The amount of a resource, good, or service sellers are willing to sell at possible prices.
How much people want of a good or service at a certain price at a certain time.
People have desires that can be satisfied with goods or services
Human, natural, and capital resources used to produce a good or service.
Wants are unlimited and resources are limited.
Goods and services are produced in better quality, quantity, and speed when someones focuses on one particular task.
People, businesses, and nations depend on others to produce their goods.
Any place that allows buyers and sellers to trade goods and services
Something that is used to buy and sell goods or services.

Unit 1 vocabulary Crossword

Unit 1 vocabulary  Crossword

Trade which parties trade.
Benefit gained from using a good service
Choice made by one party that gives problems to another party.
Cost of using a unit of service.
The production of goods.
Shortage of resources.
Natural resources on or underground.
Human time and effort making products.
Desires satisfied by consuming goods.
Things like food, clothing, and shelter.
All resources made and used by people to distribute goods.
Alternative that you give up during economic choice.
Benefits offers to make people act a certain way.
Study how people use resources.
Person who makes goods.
Person who buys goods.
Decision is the value of best next alternative.

Economics Chapter 1 Crossword

Economics Chapter 1 Crossword

condition that results from not having enough resources to produce all the things we would like to have
The study of how people try to satisfy seemingly unlimited and competing needs and wants.
a basic requirement for survival
something we would like to have
tangible economic product
work performed for someone
land, labor, capital, and entrepreneurs
the value of the next best alternative given up
consumer rights were part of the a movement called
sum of people's skills, abilities,health, and motiviation
learning a task very well
where all of the factors of production are bought and sold
market in which goods and services are bought and sold

Economic vocab Crossword

Economic  vocab  Crossword

Limited quantities of resources to meet unlimited wants.
Resources that are used to make ALL goods and services.
Food, air, and shelter and attention we desire.
The most desirable alternative given up as the result of a decision.
An alternative we sacrifice when we make a decision.
Natural resources that are used to make goods
The effort that a person devotes to a task for which that person is paid.
Any human-made resource that is used to produce other goods and services.
The process of designing, launching, and running a new business.
use an economy's resources.
Satisfaction or utility that a person receives from consuming an additional unit of a good or service.
The cost of producing one more unit of a good.
The concentration of the productive efforts of individuals and firms on a limited number of activities.
elimination of government power in a particular industry, usually enacted to create more competition within the industry.
the state or quality of producing something, especially crops.
Situation in which allocation of goods and service is not efficient
theoretical socially-enforced constructs in economics for determining how a resource or economic good is used and owned.
service that is provided without profit to all members of a society, either by the government or a private individual or organization
product that must be purchased to be consumed, and its consumption by one individual prevents another individual from consuming it.
Where the government, rather than the free market, determines what goods should be produced
economic system consisting of a mixture of either markets and economic planning, public ownership and private ownership, or free markets and economic interventionism.

Economics crossword ch 1

Economics crossword ch 1

item that is desirable but not necessary for survival
activities one person performs for another
The human time, effort, and talent, that go into the making of products
alternative sacrificed because of an economic decision
kind of capital involving human-made goods
kind of capital involving skills and knowledge gained by a worker
an alternative sacrificed when making a decision
use of resources that maximizes the output of products
Land, labor, and capital; the three groups of resources that are used to make all goods and services
limited resources for meeting unlimited wants and desires
using fewer resources than an economy is capable of using
All human-made goods that are used to produce other goods and service; tools and buildings
most desirable option given up in a decision
unavailability of a good or service in a given situation
Deciding whether to do or use one additional unit of some resource
The skills and knowledge gained by a worker through education and experience
study of how people make choices to gain necessities and desires
something necessary for survival
All natural resources found on or under the ground that are used to produce good and services
Is all the resources made and used by people to produce and distribute goods and services

Economic Crossword Puzzle

Economic Crossword Puzzle

Unlimited wants limited resources
Man made
A measure of the amount being produced by a given amount of inputs in a spacific period of time.
When work is arranged so that individual workers do fewer task than before
Land,Labor,Capital, and Entrepreneur
The reliance of others
The sum of the skill abilities, healthy, and motovation of people
Next best thing
Business owners or risk takers
Workers and employees
All natural resources
Pursuing a particular line of study or work

Economics chapter 1 Crossword

Economics chapter 1 Crossword

something you can’t live without
a desire to have something
anything that you buy
situation where you can’t get enough goods or service
someone that works to create goods and services
the shortage of supplies
working for pay
a machine that does work for you
skilled workers gained through education and hard work
helping someone to do work
wealth in the form of money or other assets owned by people
natural resources to produce goods
inputs that are used in the production of goods and services
the decision of if you should do something
a saying that means two similar choices
the extra cost of adding one unit
after deciding one is given up
the extra benefit of adding one unit
giving up a benefit for something ever better
deciding on if what you do causes sacrifice and gain
resources used to maximize the output of goods and services
once all factors of production are at maximum output and efficiency, producing more than average
economy’s productive resources shown on a graph
fewer resources than capable
a line on a production that shows the maximum possible output an economy can produce (Production is the first part of the voc but is not in the cross puzzles)
The study of how people make decisions on their wants and needs

fundamentals of economics Crossword

fundamentals of economics  Crossword

a steady long term increase in real GDP
the loss of potential gain from other alternatives when one alternative is chosen
goods used to produce more goods
a person who uses a good or service
another name for a centrally planned govt.
there is no such thing as a free lunch
give up one benefit to gain another
the rivalry among sellers trying to achieve such goals as increasing profits
a general increase in prices across an economy
a risk-taker in search of profits
a income that does not increase even when prices go up
study of how people satisfy unlimited wants through careful use of realtive scarce resource
physical objects that somone produces
the power of consumers to decide what gets producded
a financial gain
economic system that relies on habit
any government system that provides monetary assistance to people with an inadequate or no income.
gross domestic product
how much it is worth in money
the accumulation of products that are tangible, scarce, useful, and transferable from one person to another
mental/physical work or production
an economy in which prices and wages are determined mainly by supply and demand

basic economic terms Crossword

basic economic terms Crossword

short supply
the loss of potential gain from other alternatives when one alternative is chosen
a compromise
natural resources
refers to financial wealth, especially that used to start or maintain a business
the willingness to take a financial risk
the distribution of a limited quantity resources over various time periods
a curve depicting all maximum output possibilities for two goods
logical decisions
describes utility you get for adding one more of something
describes the utility you get for adding one more of something
giving someone only one one or two tasks to focus rather than several
focusing on what you or other factors of production do best
the freedom to enter into a transaction in the market

Fundamentals of Economics Crossword

Fundamentals of Economics Crossword

essential for survival
something we desire
physical objects someone produces
actions or activities that one person performs for another
limited goods and services are available to meet unlimited wants
study of how people seek to satisfy their needs by making choices
when consumers want more of a good or service than producers have available
people who decide how to combine resources to create new goods and services
human-made objects
effort people devote to tasks for which they are paid
all natural resources used to produce goods and services
land, labor, and capital are referred to as
the knowledge and skills a worker gains or has
giving up one benefit to gain another, greater benefit
governments must decide between spending money on military or domestic needs
the most desirable alternative given up as the result of a decision
the extra cost of adding one unit
the extra benefit of adding a unit
using resources in a way that maximizes output
using fewer resources than an economy is capable of