Economics Crossword
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| Need | A basic requirement for survival like food, water, and shelter
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| Scarcity | This occurs because we have unlimited wants with limited resources.
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| Capital | The factor of production that includes items like money, computers, fleets of trucks, buildings, etc.
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| Economics | The study of the production and distribution of goods and services in a society.
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| Traditional | The type of economic system that is often found in developing countries where individuals' roles are the same as their parents and grandparents.
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| Communism | The command economic system where the government owns the means of production.
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| Government | The elements of circular flow include: business, households, and __________________________.
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| Demand | The amount of a good or service that people are willing and able to buy at a specified price.
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| Equilibrium | The point at which supply and demand intersect.
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| Complimentary | Goods that go together or are related where demand for one is linked to demand for the other are called ____________ goods.
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| Corporation | A business owned by shareholders.
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| Entrepreneur | An individual who starts a business.
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| Labor | Education, experience, and skills are a part of which factor of production.
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| Inelastic | Demand that does not change when prices rise and fall.
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| Supply | Production above equilibrium results in excess _________
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| Amtrak | The passenger train system owned and operated by the U.S. government
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