Ellyse Town Econ Crossword Puzzle

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Across
  1. 4. often related to such things as fines or punishments
  2. 5. exchanging something for something else
  3. 8. the building tools and machines people create an used to produce final goods and services
  4. 10. what economists call land labor and capital resources
  5. 13. using a product or service to complete the want satisfaction chain
  6. 15. also known as losses
  7. 16. The process of getting a product or service to consumers
  8. 17. a social science that studies how people, acting individually and in groups, decide to use scarce resources to satisfy their wants
  9. 20. positive rewards for making some kind of choice or behaving in a certain way
  10. 22. the imagination, innovative thinking, and management skills needed to start and operate a business
Down
  1. 1. The highest valued alternative given up as a result of making a choice
  2. 2. a positive difference between total sales and total cost, meaning the total sales must be greater than the total costs
  3. 3. the study of the economy as a whole
  4. 6. simply means the extra or additional costs or the benefits of a decision
  5. 7. physical and mental efforts people use to create goods and services
  6. 9. any arrangement that allows buyers and sellers to make exchanges
  7. 11. also known as a gain
  8. 12. natural resources are unaltered gifts of nature such as soil materials timber and freshwater
  9. 14. a process that combines economic resources so the result is a good or service that is available for sale
  10. 18. means that an inequality exist between wants in the resources available to satisfy them
  11. 19. an economy that relies on voluntary trade is the primary means of organizing and coordinating production
  12. 21. economics the study of individual customers and businesses