Economics Terms Crossword

Goods that are intended for final use by the consumer
Work that is performed for someone. Service cannot be touched or felt
capacity to be useful
people who use these goods and services
the sum collection of those economic products that are tangible, scarce and useful
Use of a good or service to impress others
Items used in the creation of other goods. factory machinery, trucks, etc.
An assignment of worth. The assignment is usually based upon the utility (usefulness) or scarcity of the item (supply and demand)
Economics is the study the production and distribution of goods and services, it is the study of human efforts to satisfy unlimited wants with limited resources
Air, sunshine are and other items so plentiful no one could own them
Any good that lasts more than three years when used on a regular basis
Any item that lasts less than 3 years when used on a regular basis
the cost of an economic decision
goods and services that are useful, relatively scarce and transferable
the ability to produce vast amounts of goods (economic products) in an efficient manner
assignment of the highest value to those things we need the least, like water and the highest things we often don't need at all like diamonds
the fundamental economic problem facing ALL societies.
these are those elements that a nations has at its disposal to deal with the issue of scarcity
natural resources, etc
inventive and risk taking spirit