Fundamental Economics

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Across
  1. 3. wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing
  2. 5. to exert one's powers of body or mind especially with painful or strenuous effort
  3. 9. the natural, human, and capital re- sources used to make goods and services.
  4. 11. PPF
Down
  1. 1. exchange something of value, especially as part of a compromise
  2. 2. the loss of potential gain from other alternatives when one alternative is chosen
  3. 4. the state of being scarce or in short supply; shortage
  4. 6. a part of the earth's surface marked off by boundaries
  5. 7. a thing that motivates or encourages one to do something
  6. 8. of necessity
  7. 10. a state or situation in which something needed cannot be obtained in sufficient amounts
  8. 12. the activity of setting up a business or businesses, taking on financial risks in the hope of profit