Economic Vocab - Unit 1 Crossword

what we as humans require to survive (food, water, shelter)
what we don't need, but could use to help survive (money, friends)
a pull to help persuade consumers (discounts, bonus items)
what's lost at the price of an opportunity
the exchange of one thing and another for beneficial purposes
lack of supplies
geographic land for mineral deposits, and other economic resources
anything to enhance someone's economic power
economic resources measured by money
productive capacity
someone who designs, launches and runs a business
materials that satisfy human wants
transaction with no physical goods being transferred
factors of production in a productions output
quantity of resources produced in a given time
measure of efficiency
careful management of resources
the capacity of a good or service to meet the demand of a consumer
material value
diamonds have high material value, and water has low material value
free competition with prices based on supply and demand
levels of wealth, comfort, and material needs per socioeconomic class
the motivation to maximize profits
rivalry among sellers
consumer preference determines production of goods and services
freedom of private businesses to operate competitively for profit
growth of economic output in a country