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Economics 2024

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