economics crssword

6. cost - the money, time, and/or resources a person gives up to make a decision.
7. the amount of physical, mental, and social effort used to produce goods and services for the economy.
9. dictates that economic decisions must be made regularly in order to manage the availability of resources to meet human needs
10. things required to function. Many types such as socioeconomic needs and physical needs
11. comprises all naturally occurring resources as well as geographic land

1. - alternate choices people face when making an economic choice.
2. that can enhance one’s power to perform economically useful work.
3. the creation of a business and to run it in order to create a profit.
4. Possibilities Frontier - a graph that shows different combinations of the output of two goods that can be produced using available resources.
5. something that is desired
8. that can motivate a person to do something, especially in economics where financial motivations are used to get someone to do something.