econ vocab Crossword

this is a basic requirement for survival.
this is a means of expressing a need
goods which are so plentiful that they have no price.
goods and services which are useful, relatively scarce and transferable to others.
a good that is intended for final use by an individual.
a good used to make another product
goods that last three years or more
an item that lasts less than three years
work that is performed for someone
people who use goods and services to satisfy wants and needs
the process of purchasing and using up goods and services in order to satisfy wants and needs
the use of a good or service to impress others
refers to something that has a worth that can be expressed in terms of dollars and cents
: what makes something valuable is how available it is
the capacity to be useful to someone.
the sum of those economic products that are tangible, scarce, useful, and transferable from one person to another.
the process of creating goods and services
the efficient use of productive resources
you do whatever you can do best – you specialize in that task.
workers perform fewer tasks more frequently.
the skills and abilities of people that go into the production of goods and services.
actions in one part of the country or the world have an economic impact on what happens elsewhere
a location that allows buyers and sellers to exchange economic profits.
where the factors of production are bought and sold
markets where final goods and services are sold
the quality of life based on the possession of necessities and luxuries that make life easier
an economy in which consumers and privately owned businesses, rather than the government, jointly make the majority of the WHAT, HOW and WHO decisions.