Unit 7: What is Economics? Crossword

Any material quantity that has value, and using which brings revenue to the business
A person or organization that uses economic services or commodities
The study of how people make decisions in a world of limited resources
The capacity and willingness to develop, organize, and manage a business venture along with any of its risks in order to make a profit
Physical and mental efforts that people contribute to the production of goods and resources
Tools, machinery, and goods used to make other things
Inputs that are used to create things or help you provide services
What, how, or for whom to produce?
Inputs that are used in the production of goods or services in order to make an economic profit
The most desirable alternative given up as the result of a decision
Someone who treats and supplies goods and services.
The fact we do not have enough resources to satisfy everyone's needs and wants
Alternatives that people give up when they choose one course of actions over another
Part of the economy made up by companies
The rivalry among sellers
The desire, willingness, and ability on the part of people to buy certain quantities of a product at different price levels
The ability and willingness of suppliers to make things available for sale at set prices
The point where the supply/demand achieve balance
A model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents
An economy in which production, investment, prices, and incomes are determined centrally by a government
An economic system in which the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.
A category of stocks and companies that relate to items purchased by individuals rather than by manufacturers and industries
Part of the economy composed of both public services and public enterprises
Where productive resources are bought and sold
Where business offer finished product for sale
A good with a negative cross elasticity of demand, in contrast to a substitute good.
Goods which, as a result of changed conditions, may replace each other in use
Specialize within a certain job
The amount of output produced by a given number of inputs in a period of time
People and business focus on one thing they do well