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Across 1. land, labor, capital, entrepreneurship 3. quality of life based on ownership of wealth 4. process of using goods to satisfy wants and needs 5. measure of goods and services produced in specific time 7. specialization to produce goods more efficiently 8. economy where individuals and businesses make major decisions 12. usefulness 14. good lasting 3 years or more 15. good or tool used to produce other goods 17. tangible item that is economically useful 18. limited resources unlimited wants 22. tools, equipment, machinery, and factories used in production 23. work that is performed for someone 25. where factors of production are sold 26. start new businesses in U.S.

Down 2. diagram showing combinations of goods and services available 6. want is more valuable than a need 9. study of how people satisfy wants and needs 10. next best alternative you give up 11. basic requirement for survival 13. alternative choices when faced with a decision 16. people's efforts, abilities, and skills 19. place where voluntary exchanges are made 20. worth that can be expressed in dollars and cents 21. total sum of all economic products scarce and useful 24. desired product not necessary for survival