Description

The inability to satisfy all wants at the same time. Requires choices to be made.
Selection of an item or action from a set of possible alternatives. Individuals must choose or make decisions about desired goods and services because these goods and services, or the means for acquiring them, are limited.
What is given up when a choice is made—i.e., the highest valued alternative is foregone. Individuals must consider the value of what is given up when making a choice.
Factors of production that are used in the production of goods and services. Types of resources are natural, human, capital, and entrepreneurship.
The amount of money exchanged for a good or service. Interaction of supply and demand determines price. Price determines who acquires goods and services.
Things that incite or motivate. Incentives are used to change economic behavior
The amount of a good or service that consumers are willing and able to buy at a certain price
The amount of a good or service that producers are willing and able to sell at a certain price
Interaction of supply and demand determines price.
Combining human, natural, capital, and entrepreneurship resources to make goods or provide services. Resources available and consumer preferences determine what is produced.
The using of goods and services. Consumer preferences and price determine what is purchased and consumed.
A market system that is allowed to operate without undue interference from the government
Individuals and businesses have the right to own personal property as well as the means of production without undue interference from the government.
Earnings after all expenses have been paid
Rivalry between producers and/or between sellers of a good or service. Competition usually results in better quality goods and services at lower prices.
Through their purchases, consumers determine what goods and services will be produced.
A form of business organization with one owner who takes all the risks and all the profits
A form of business organization with two or more owners who share the risks and the profits
A form of business organization that is authorized by law to act as a legal entity regardless of the number of owners. Owners share the profits. Owner liability is limited to the amount of their investment.
A person who takes a risk to produce goods and services in search of profit

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Economic Terms

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running a venture

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ECONOMIC JARGON

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Frequently Asked Questions

What is a crossword?

Crossword puzzles have been published in newspapers and other publications since 1873. They consist of a grid of squares where the player aims to write words both horizontally and vertically.

Next to the crossword will be a series of questions or clues, which relate to the various rows or lines of boxes in the crossword. The player reads the question or clue, and tries to find a word that answers the question in the same amount of letters as there are boxes in the related crossword row or line.

Some of the words will share letters, so will need to match up with each other. The words can vary in length and complexity, as can the clues.

Who is a crossword suitable for?

The fantastic thing about crosswords is, they are completely flexible for whatever age or reading level you need. You can use many words to create a complex crossword for adults, or just a couple of words for younger children.

Crosswords can use any word you like, big or small, so there are literally countless combinations that you can create for templates. It is easy to customise the template to the age or learning level of your students.

How do I create a crossword template?

For the easiest crossword templates, WordMint is the way to go!

Pre-made templates

For a quick and easy pre-made template, simply search through WordMint’s existing 500,000+ templates. With so many to choose from, you’re bound to find the right one for you!

Create your own from scratch

  • Log in to your account (it’s free to join!)
  • Head to ‘My Puzzles’
  • Click ‘Create New Puzzle’ and select ‘Crossword’
  • Select your layout, enter your title and your chosen clues and answers
  • That’s it! The template builder will create your crossword template for you and you can save it to your account, export as a word document or pdf and print!

How do I choose the clues for my crossword?

Once you’ve picked a theme, choose clues that match your students current difficulty level. For younger children, this may be as simple as a question of “What color is the sky?” with an answer of “blue”.

Are crosswords good for students?

Crosswords are a great exercise for students' problem solving and cognitive abilities. Not only do they need to solve a clue and think of the correct answer, but they also have to consider all of the other words in the crossword to make sure the words fit together.

Crosswords are great for building and using vocabulary.

If this is your first time using a crossword with your students, you could create a crossword FAQ template for them to give them the basic instructions.

Can I print my crossword template?

All of our templates can be exported into Microsoft Word to easily print, or you can save your work as a PDF to print for the entire class. Your puzzles get saved into your account for easy access and printing in the future, so you don’t need to worry about saving them at work or at home!

Can I create crosswords in other languages?

Crosswords are a fantastic resource for students learning a foreign language as they test their reading, comprehension and writing all at the same time. When learning a new language, this type of test using multiple different skills is great to solidify students' learning.

We have full support for crossword templates in languages such as Spanish, French and Japanese with diacritics including over 100,000 images, so you can create an entire crossword in your target language including all of the titles, and clues.