Economics Vocabulary Introductory Level

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Across
  1. 2. the next unit, one more
  2. 4. how much someone needs to pay for an item
  3. 5. not a shortage, but instead, once you use something, it can't be used elsewhere
  4. 7. meeting society demands
  5. 11. how much money above costs a company brings in
  6. 12. measuring on small levels, firms and markets
  7. 13. objective statements on how things are
  8. 14. the development of someone's work worth, education, experience
  9. 17. measurement of output versus input
Down
  1. 1. the tools used for production of items
  2. 3. subjective statements on how things should be
  3. 6. measuring on large levels, unemployment, inflation and gdp
  4. 8. allocation of a world where people have limited resorces, but unlimited wants
  5. 9. making at the lowest cost, best use of resources
  6. 10. the enjoyment or satisfaction derived from a product or service
  7. 15. economics has many variables, this assumes all things being equal
  8. 16. how much money a company brings in
  9. 18. how much it takes for a company to produce