Econ 101

1. articles of trade, wares
7. feel a need for, desire
9. pursuing a particular line of study or work
10. input over output
12. pecuniary gain resulting from the employment of capital in any transaction
14. a reward offered for increased productivity
15. an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies
18. the management of the resources of a community, country, etc., especially with a view to its productivity
19. to require

2. the money or other benefits lost when pursuing a particular course of action instead of a mutually-exclusive alternative
3. intangible assets of individuals that can be used to create economic value for the individuals
4. provider of accommodations
5. rivalry for supremacy
6. an outlay or expenditure of money, time, labor, trouble
8. to fail to use fully
11. insufficiency of supply
13. something that is advantageous or good; an advantage
16. able to accomplish something with the least waste of time and effort; competency
17. the quantity of goods that buyers will take at a particular price