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Economics 2024

Across
Limited quantities of resources to meet unlimited wants
Required payment to a local, state or national government
Economic system in which most of the capitol resources are privately owned
A product that is produced in one country and sold in another
Man-made items: machinery, factories
Economic decisions are mad on heritage and customs
A system for producing and distributing goods and services to fulfill people's wants and needs
Tangible goods available for purchase - iphone
Struggle for customers between businesses in the same market
Down
A product that is produced in this country but sold in another
Anything that is used to produce goods or services
Raw materials found in nature
Mixed economy in which most resources are privately owned by individuals
When a firm exports goods or services to consumers in another country
Exchange of goods and services
Economic system in which the government has total control over economic resources and decisions
The quantity of product that customers are willing to purchase at a given price
People who work
Percentage of a country's people who can read and write
Study of producing, distributing and consuming goods and services
The concentration of productive efforts of individuals or businesses
The quantity of a product a business is willing to provide at a given price
Tangible acts fulfilled through the efforts of other people - hair stylist, chef