economics
Across
- 4. the limited nature of society’s resources
- 5. something that induces a person to act
- 9. the quantity of goods and services produced from each unit of labor input
- 11. a small incremental adjustment to a plan of action
- 13. the ability of a single economic actor (or small group of actors) to have a substantial influence on market prices
Down
- 1. the property of distributing economic prosperity uniformly among the members of society
- 2. people who systematically and purposefully do the best they can to achieve their objectives
- 3. the property of society getting the most from scarcity
- 6. an increase in the overall level of prices in the economy
- 7. the impact of one person’s actions on the well-being of a bystander
- 8. whatever must be given up to obtain some item
- 10. the ability of an individual to own and exercise control over scarce resources
- 12. the study of how society manages its scarce resource