Economics

3. the study of people and choices
8. all natural resources used to produce goods and services
11. whatever is given up to get or do something - the next best alternative
12. becoming an expert in a certain skill or concentrating on producing limited goods ... the division of labor
14. the exchange of goods and services
16. exchange goods without involving money
17. those who purchase goods and services
18. the negative outcomes or consequences of a choice
19. the amount of goods and services available to purchase

1. physical items available to purchase
2. the idea of unlimited wants and needs and limited resources
4. Land, labor, and capital; the three groups of resources that are used to make all goods and services
5. those who make goods and services that are available to purchase
6. Human effort directed toward producing goods and services
7. the positive outcomes or consequences of a choice
9. work that is provided for a fee or available to purchase
10. an investment, either in the form of money or machinery and equipment that is used to produce goods and services.
13. the process of starting, organizing, managing, and assuming the responsibility for a business
15. the degree to which people desire a good or service