"Chapter 3 - Economic Environment of Business: Economic Wants": HTML5 Crossword

Across

4. A rapid rise in prices caused by an inadequate supply of goods and services. (9)
6. The ability of a good or service to satisfy a want. (7)
11. Desires for non-material things that are not scarce. (11,5)
12. An economic system that uses aspects of a market and a command economy to make decisions about what, how, and for whom goods and services are produced. (5,7)
14. A measure of the average change in prices of consumer goods and services typically purchased by people living in urban areas. (8,5,5)
16. An economic system in which the method for determining what, how, and for whom goods and services are produced is decided by a central planning authority. (7,7)

Down

1. The incentive, as well as the reward, for producing goods and services. (6)
2. Buildings, tools, machines, and other equipment that are used to produce other goods but do not directly satisfy human wants. (7,5)
3. An economic system that determines what, how, and for whom goods and services are produced by coordinating individual choices through arrangements that aid buying and selling goods and services. (6,7)
5. The production of capital goods. (7,9)
7. Items of value that individuals can own, use, and sell. (7,8)
8. Land, labor, capital goods, and management: the four basic resources that are combined to create useful goods and services. (7,2,10)
9. The number of similar products that will be offered for sale at a particular time and at a particular price. (6)
10. Anyone who aids in creating a utility. (8)
13. A pattern of irregular but repeated expansion and contraction of the gross domestic product (GDP). (8,5)
15. A long and severe drop in the gross domestic product (GDP). (10)