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Economics Basics

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Across
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The amount of goods and services that are available for people to buy
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Any type of physical or mental exertion used to produce
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The amount of goods and services that people want to buy
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The financial management which an individual or a family unit performs to budget, save, and spend their money
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An economic system combining private and public enterprise
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Money paid regularly at a particular rate for the use of money lent
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The loss of potential gain from other alternatives when one alternative is chosen
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What is used in the production process to produce finished goods and services
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An act of selecting or making a decision when faced with two or more possibilities
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A person who purchases goods and services for personal use
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An area in which commercial dealings are conducted
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something a person would like to have, but not necessary to live
Down
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An area and all the gifts of nature which affect production
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An organization or person that lends money
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A system that relies on customs, history, and time-honored beliefs
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An economy in which production, investment, prices, and incomes are determined centrally by a government
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Money that an individual or business receives in exchange for providing a good or service
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Things people have to have to easily live
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An estimate of income and expenditures for a set period of time
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The purchase of goods made with money in production
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A system of production and distribution of goods and service s within a society or a given area
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A person, company, or country that makes, grows, or supplies goods or commodities for sale
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The cost required for something, the money spent on something
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The difference between the amount earned and the amount spent in buying, operating, or producing something
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The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future