Civics Unit 7 Vocabulary Crossword

Capital Resources goods made and used to produce other goods and
Resources a stock or supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function
Opportunity Costs the loss of potential gain from other alternatives when one alternative is
Producer someone who creates and supplies goods or
Scarcity the state of being scarce or in short supply;
Trade-Off a balance achieved between two desirable but incompatible features; a
Business Sector the part of the economy made up by
Competition an insistent and peremptory request, made as if by
Demand an insistent and peremptory request, made as if by
Supply make (something needed or wanted) available to someone;
Equilibrium Price market price where the quantity of goods supplied is equal to the quantity of goods
Circular Flow Model a model of the economy in which the major exchanges are represented as flows of money, goods and
Command Economy an economy in which production, investment, prices, and incomes are determined centrally by a
Market Economy economic system in which the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and
Consumer Sector category of stocks and companies that relate to items purchased by individuals rather than by manufacturers and
Government Sector institutional units whose output is intended for individual and collective consumption and mainly financed by compulsory
Factor Market marketplace for the services of a factor of
Product Market the marketplace in which final goods or services are offered for purchase by
Complements a thing that completes or brings to
Substitutes use or add in place
Productivity the effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of
Specialization the process of concentrating on and becoming expert in a particular subject or