Economics

2. a system involving the production, distribution, trade and consumption of goods and services by individuals, businesses, organisations or governments
3. what you have to forgo if you choose to do A rather than B; the cost of the next best alternative use of resources
4. the value of one country’s currency when swapped with another country’s currency
6. a person who sets up a business or businesses, taking on financial risks in the hope of profit
7. a good or service that consumers consider necessary to maintain their standard of living
8. the difference between what was earned and what was spent in order to buy, operate or produce something
10. having limited resources to achieve unlimited needs and wants
11. individuals and businesses involved in the making of goods and services

1. an individual who purchases goods or services for personal use
5. type of resources
9. the organised exchange of goods, services or resources between buyers and sellers