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Economics

Across
_____ growth- sustained period during which a nation's total output of goods and services increases
Economic______- rely on others and others rely on us to provide goods and services
A basic requirement for survival
One of the four key of elements of economics that deals with anticipating what is going to happen in the future
The dollar value of all goods and services, and structures produced within a country's borders in a 12 month period
The cost of the next best alternative use of money, time, or resources when one choice is made rather than another
_____ good- good used for producing other things, ex. laptop
Location or other mechanism that allows buyers and sellers to exchange a certain economic product
Down
_____ good- used by people, ex. Pepsi
Work that is performed for someone
The fundamental economic problem
A worth that can be expressed in dollars and cents
Factor of production that includes natural resources not created by humans
The quality of life based on the possession of the necessities ad luxuries that make life easier
Measure of the amount of output produced by input in time
An accumulation of goods that are tangible, scarce, useful, and transferable from one to another(doesn't include services)