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Introduction to Economics

Across
To distribute resources in order to satisfy the greatest number of needs and wants
Anything that people use to make or obtain what they need or want
Use of technical knowledge and methods to create new products or make existing products more efficiently
Any item that is readily accepted by people in return for goods and services
Limited resources and unlimited wants
Study of how society choose to use scarce resources to satisfy its unlimited wants and needs
Events or developments in one region of the world or sector of the economy influence events or developments in other regions or sectors
Physical objects that can be purchased
Someone who studies the economic choices that people make to satisfy their needs and wants
Actions or activities that are performed for a fee
A form of exchange that allows consumers to use items before completing payment for the
Study of economic choices made by households, companies and individuals
Down
A process in which producers and consumers agree to provide one type of item in return for another
Can be expressed as an amount of money, or a price, that is assigned to goods and services
Exchange one set of goods for another
A person who attempts to start a new business or introduce a new product
Someone who studies the economic choices that people make to satisfy their needs and wants
Behavior of entire economies