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Economic Vocabulary 2023

Across
Study of producing, distributing and consuming goods and services
Mixed economy in which most resources are privately owned by individuals
The concentration of productive efforts of individuals or businesses
The degree of wealth and material comfort available to a person or community
Gross domestic product divided by the number of people in the population
Economic decisions are mad on heritage and customs
Anything that is used to satisfy our wants
Economic system in which most of the capitol resources are privately owned
Tangible goods available for purchase - iphone
Raw materials found in nature
Struggle for customers between businesses in the same market
Tangible acts fulfilled through the efforts of other people - hair stylist, chef
Down
A product that is produced in this country but sold in another
People who work
The total market value of all final goods and services produced annually in an economy
Percentage of a country's people who can read and write
Man-made items: machinery, factories
Economic system in which the government has total control over economic resources and decisions
A product that is produced in one country and sold in another
Limited quantities of resources to meet unlimited wants