Economics Key Terms Crossword

Characterized by more government ownership & central planning
The amount at which a good or service will be sold in a market
A combination of a command and market economy
The knowledge, efforts, and skills people bring to their work; also known as labor
The type of economy where people believe in doing things the same as they have always been done in the past
The condition that happens when wants exceed resources available to satisfy wants
Things that you must have in order to survive (Food, Clothing, Shelter)
Goods produced and used to make other goods and services
Economic system that is run by a central government or authority
"Gifts of nature" that are present without human intervention (Land)
How much of a good or service a producer is willing and able to produce at different prices
The initiative to improve goods and services or create new ones
Characterized by private ownership of the means of producation (for example, farms and factories) and supply and demand are responsible for the price and allocation decisions
The study of how individuals and societies seek to satisfy their needs and wants
One who uses goods or services
An individual's need or desire for a good or service at a given price
Things you think you must have in order to be satisfied (Not necessary for survival)