Economics

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Across
  1. 2. A factor of production
  2. 4. Something that someone has to have to survive.
  3. 6. A permanent change to a supply and how much there is.
  4. 8. A thing that people can use for free.
  5. 10. Potential profit from a missed opportunity
  6. 13. A temporary change to a supply and how much there is.
  7. 14. A factor of production
  8. 15. What is the definition of an entrepreneur?
  9. 16. Something that someone can trade money for to have.
Down
  1. 1. Using fewer resources than an economy is capable of using. importance.
  2. 3. An examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.
  3. 5. the branch of knowledge concerned with the production, consumption, and transfer of wealth.
  4. 7. A person who undertakes the risk of starting a new business venture
  5. 9. A factor of production
  6. 11. When you choose one thing which causes you to have to give up, or sacrifice, another.
  7. 12. Something that someone desires.
  8. 15. Every resource is optimally allocated to serve each person in the best way while minimizing waste