economics

4. value The worth of a good or service is determined by how much an individual values it
6. profit Motive Desire to achieve financial gain
8. Something that motivates us to perform
9. Analysis Weighing the costs
10. incentive A benefit for an action
17. The distributing or setting aside of resources for a specific purpose
18. The branch of economics focused on the economy of a country or region
20. Different options people have when deciding how to use their resources
21. The study of how people, businesses, and governments decide to use limited resources to meet their needs
22. incentive Cost for an action
23. An Economic acronym that means "There is no such thing as a free lunch"
25. returns When more of a resource is used to produce a good, the additional output will eventually decrease

1. possibilities curve An illustration that shows the maximum output of two goods when resources are used efficiently
2. Unplanned results, either positive or negative
3. Costs The next best alternative you give up when you choose one option over another
5. The satisfaction or happiness that comes from consuming a good or service
7. money paid for borrowing money or earned for lending it
11. The branch of economics focused on how individuals and businesses make decisions
12. incentive Motivators that do not involve money but still encourage specific behaviors
13. Incentive A reward that motivates someone to do an action
14. The monetary worth of a good service
15. The condition of limited resources and unlimited wants
16. The money a business makes
19. of increasing opportunity costs The more of a product you produce, the greater the opportunity cost to produce each product
24. of Inputs The difficulty in using resources across different types of production