Economics Vocab

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Across
  1. 2. things that are necessary to live
  2. 5. limited resources(ex. minerals,animal life,climate)
  3. 6. a curve on a graph that illustrates the possible quantities that can be produced of two
  4. 11. something is produced and it includes money,tools,macheniery, and factories
  5. 12. what you give up to get something
Down
  1. 1. 4 factors of production
  2. 3. risk takers who combine land, labor, and capital into new products
  3. 4. things that are not necessary to live
  4. 7. a thing that motivates or encourages one to do something
  5. 8. unlimited wants but limited resources
  6. 9. giving up some of one thing to get more of another
  7. 10. workers that apply there ability/skills to production