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Economics Chapter 1

Across
People that use goods
The study of the choices that individuals and societies make
Usefullness
____ goods are produced for direct use
Quantity of goods produced
Scholars associated with Economics
Study of national & international economies
Any system for the production, distribution, and consumption of goods
A tangible item
A necessity
Down
Mechanism that allows people to exchange goods
Study of specific components of an economy
A ____ good is used to produce goods & services
Human desire to have a certain good
Intangible goods
Methods that make production efficient
People that work to provide goods
Limited availability
Founder of Austrian School of Economics
Amount of goods that are bought