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Economics 1

Across
The study of how societies use their limited resources
Finished products used in the making of other products
The person who sees an opportunity to make a profit, can organize the factors of production , and is willing to take risks
The willingness and abilty to provide a good or service
An economic system in which most of the means of production are owned by the State
Something that can be touched
Components needed to create a product
The theory that spending by individualson goods and services is the principal driver of economic growth
Something that you would like to have but isn't necessary to survival
The money that comes in to an household
A product that can be physically transfered from one person to another
Alternatives not chosen
Where buying and selling takes place
A type of product that is performed for someone
The monetary value of a good or service
Down
In a market economy, individuals operate through a system of interdependence
The second highest valued alternative
The physical or intellectual factor of production
Property owned by the government in the name of the citizens
The policy of minimum governmental interference
The condition that results when society does not have enough resources to meet its needs
The willingness and ability to purchase a product
An economic system where most of the means of production are privately owned
Motivation for certain actions
Another name for the economic system known as Communism
The monetary value of a good or service in addition to what is being given up
The money left over after all the factors of production have been paid
A basic requirement for survival