Economics fundamentals

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Across
  1. 3. economic agents who purchase goods and services
  2. 5. a situation where resources are limited compared to the demands placed on them via wants and needs
  3. 7. an entity that provides a good or service for sales with the objective of making a profit
Down
  1. 1. the value of the next best alternative foregone when a choice is made
  2. 2. a social science that studies the decisions made by individuals, businesses, governments and other groups about how scarce resources are allocated
  3. 4. mental and physical human effort exerted in the production process
  4. 6. man-made goods used in the production of other goods and services