Economic Terms Crossword Puzzle
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QUESTIONS LIST:
- saving: when a person keeps their money instead of spending it.
- spending: when money or goods are traded or exchanged for other goods or services
- want: something that a person would like but is not necessary for their survival.
- specialization: when a company focuses on a small range of products in order to more efficient and their business more profitable.
- productivity: how efficient a good or service is produced in order to increase profit.
- opportunity cost: what people must give up in order to get what they want the most
- choice: a decision that must be made, the object or lesser value is given up and exchanged for something of more value.
- price incentive: something that motivates someone to buy an item.
- trade: the word for exchanging goods and services, sometime between countries
- seller: the person selling the goods or providing the service.
- buyer: the person receiving the goods or services.
- needs: what a person requires to live - food, water, shelter
