Economics Chapter 1, Section 1 Vocabulary Words Quiz Crossword

Unavailability of a good or service
something essential for survival
something people desire but not necesssary
physical objects that someone produces
actions or activity one performs for another
limited amounts of goods or services available to meet unlimited wants
study of how people seek to acquire their needs and wants
situation where consumers want more of a good or services that producers are willing to make at a particular price
a person who creates goods and services
resources that are used to make goods and services
a natural resource used to make goods and services
an effort people devote to a task and paid for
human made resources used to make goods and services
human made objects used to make goods and services
knowledge and skills workers gain through education and experience
giving up a benefit to gain a greater benefit
a desirable alternative given up from a decision