Basic Economic Concepts

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Across
  1. 2. inputs that are required to create outputs.
  2. 4. cost, the next best alternative forgone while making a choice.
  3. 8. study of resources, utilization of it and how decisions are made individuals and organization.
  4. 10. things we must have for survival.
Down
  1. 1. use of goods and services to satisfy human wants.
  2. 3. willingness and ability to offer a product
  3. 5. things we desire to have.
  4. 6. willingness and ability to buy a product.
  5. 7. selection between two or more options.
  6. 9. any arrangement between buyers and sellers to exchange goods and services.