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Economics 1

Across
Social science dealing with how people satisfy unlimited needs and wants with scarce resources
One that lasts three years or more when used on regular basis
Contradiction between value of some essential and nonessential goods
Monetary value of all final goods in country's borders in a year.
Monetary worth of good or service as determined by the market
Down
Item that lasts fewer than three years when used on regular basis
Tool,equipment, used to produce other goods and services
Good intended for final use by consumers other than businesses
Sum of tangible economic goods that are transferable to others.
economic problem of peoples unlimited wants and scarce resources