Economics
Across
- 5. land, labor, capital, and entrepreneurship
- 6. a state of being short on certain resources
- 8. items that satisfy human wants and provide utility
- 10. an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.
- 13. wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
- 14. to the fact that budgeting inevitably involves sacrificing some of X to get more of Y
- 15. the loss of potential gain from other alternatives when one alternative is chosen.
- 16. is a curve illustrating the varying amounts of two products that can be produced when both depend on the same finite resources
Down
- 1. to exert one's powers of body or mind
- 2. a thing that motivates or encourages one to do something.
- 3. to the total satisfaction received from consuming a good or service.
- 4. is the worth of a good or service determined by people's preferences and the trade-offs they choose given their scarce resources.
- 7. something that is necessary for an organism to live a healthy life
- 9. a transaction in which no physical goods are transferred from the seller to the buyer.
- 11. an accumulation of valuable economic resources that can be measured in terms
- 12. A desire to have something that you don't need
- 17. the part of the earth's surface that is not covered by water, as opposed to the sea or the air