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Basic Economics

name
date
period
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Across
1
When quantity demanded of a good is greater than quantity supplied of the same good
5
Goods that are produced elsewhere and brought into the country
6
As the price of a good and the quantity supplied of the good are in a direct relationship
8
The amount of money left over after costs of production have been paid
9
The most highly valued alternative forfeited when a choice is made
12
The desire and ability to bring a good or service to market
13
Economic system based on choice and private property
15
A good that can be touched
17
The book that formally introduces the concept of capitalism to the world
19
Something that is vital to maintain life
22
The relationship that exists between different sectors in the economy
24
Something that encourages or motivates a person to take action
25
The way in which a society decides what goods to produce, how to produce them, and for whom the goods will be produced.
26
The quality of bringing satisfaction or happiness
29
Any natural resource/a factor of production
30
Trading good and services
31
An explanation of how something works
Down
2
Goods that are produced domestically and shipped elsewhere
3
In economics : additional
4
A means for deciding who gets what portion of an available resource or good
7
The talent for seeing an opportunity and organizing the factors of production
10
The basic condition of not enough of a resource for everyone to have as much as they want at a zero price
11
When the quantity supplied of a good is greater than the quantity demanded of the same good
14
Not able to be felt by touch
15
The price of a good and quantity demanded of the same good are in and inverse relationship
16
Consumer goods that are purchased together
18
The desire and ability to purchase a good or service
20
The graphical representation of the law of demand
21
Consumer goods that are purchased in place of each other
23
The most important market force
27
The physical and mental talents used in the production of a good or service
28
A good or service that is desired