Economics

4. the act of starting and running your own business
6. resources, the natural, human, and capital resources used to make goods and services
7. the measurement of the benefit derived from a good or service to an individual or a company
8. tangible product
10. something that you would like but you do not really need
12. property resources used to produce goods and services
14. something that you must have to survive
15. any natural resource used to produce goods and services
17. the amount of physical, mental, and social effort used to produce goods and services

1. an accumulation of valuable economic resources that can be measured in terms of either real goods or money value
2. work that is done for other people
3. possibilities frontier, a model used to show the tradeoffs associated with allocating resources between the production of two goods
5. the total satisfaction received from consuming a good or service
9. a limited supply
11. a situation where making one choice means losing something else
13. financial motivations for people to take certain actions
16. cost, what you have to give up in order to get something else