Economics Crossword

3. Usefulness to a person
5. measurement of the benefit derived from a good or service to an individual or a company
6. the loss of potential gain from other alternatives when one alternative is chosen
7. Risk taking involved in starting a new business or introducing a new product
9. the act of giving up one benefit in order to gain another, greater benefit
11. the actions or activities that one person performs for another
12. payment or concession to stimulate greater output or investment
13. the principle that limited amounts of goods and services are available to meet high demands
14. the physical objects that someone produces
16. something people desire that is non-essential
17. the effort people devote to tasks for which they are paid

1. a line on a production possibilities curve that shows the maximum possible output an economy can produce
2. the natural, human, and capital re- sources used to make goods and services
4. all natural resources used to produce goods and services
8. Previously manufactured goods used to make another goods and services transaction in which no physical goods are transferred from the seller to the buyer
10. accumulation of valuable economic resources that can be measured in terms of either real goods or money value
15. something essential for survival