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Economics Friday Work 2

Name_________________________________
Date__________________________________
Across
Any place or venue where buyers and sellers can exchane goods and services
Expert who studies the relationship between a societies resources and its production or output.
A simple description of reality, designed to yield hypotheses about economic behavior that can be tested
Study of economicsin terms of individual markets, businesses, or individual people.
A product or service that is useful to consumers and has value
The market for goods that are produced in large quantities
Down
The action of helping or doing work for someone
Studying the overall economy on a large scale--inflation, economic growth, national income, etc.
Anything that someone desires, or would like to have
The process of attempting to predict future conditions of the economy using a combination of indicators
The amount of a good or service that a producer or seller is willing and able to offer to buyers at a given price
The amount of a product or service that consumers are willing and able to buy at a given price within a specific time period