Economics Fundamentals Crossword Puzzle: Answer Key
This answer key provides solutions for a crossword puzzle focused on fundamental economic concepts. While I cannot create a visual crossword puzzle here, I can offer the answers in a format easily used to create one or to check existing solutions. Remember to adjust clues as needed for your specific puzzle design and difficulty level.
Across
- SUPPLY: The amount of a good or service available.
- DEMAND: Consumer willingness and ability to buy goods/services.
- MARKET: Where buyers and sellers interact.
- TRADE: Exchange of goods or services.
- GOODS: Tangible products.
- CAPITAL: Resources used in production (machinery, etc.).
- LABOR: Human effort in production.
- SCARCITY: Limited resources to meet unlimited wants.
- OPPORTUNITY: The cost of choosing one option over another.
- COST: The value of resources used in production.
- PRICE: The amount paid for a good or service.
- SERVICES: Intangible actions performed for others.
- PROFIT: Revenue minus costs.
- CONSUMER: Someone who buys goods/services.
- INFLATION: A general increase in prices.
- ECONOMICS: The study of how societies allocate scarce resources.
Down
- UNDER: Less than needed (as in under-supply).
- PRODUCTION: Creating goods and services.
- LAND: Natural resources used in production.
- RESOURCES: Inputs used to produce goods and services.
- ENTREPRENEUR: Someone who starts a business.
- DISTRIBUTION: The process of getting goods/services to consumers.
- CONSUMPTION: The use of goods and services.
- BENEFIT: Advantage gained from something.
- COMPETITION: Rivalry among businesses.
- RECESSION: A period of declining economic activity.
- POVERTY: The state of being extremely poor.
- SHARING: Distributing resources amongst people.
- INVESTMENT: Spending to increase future productivity.
- INCOME: Money received from work or investments.
- FACTOR: A productive input (land, labor, capital).
- TAX: Money paid to the government.
This comprehensive answer key should allow for the successful completion of an economics fundamentals crossword puzzle. Remember that clue wording can be modified to create a variety of difficulty levels. For advanced puzzles, consider incorporating more nuanced economic concepts or using wordplay within the clues.
