Gio Duong

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Across
  1. 1. land, labor, capital and entrepreneurship
  2. 6. the loss of potential gain from other alternatives when one alternative is chosen.
  3. 8. the state of being scarce or in short supply; shortage.
  4. 11. necessity.
  5. 12. a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology.
Down
  1. 2. capital; plural noun: capitals; noun: capital city; plural noun: capital cities; noun: capital town; plural noun: capital towns; noun: capital letter; plural noun: capital letters
  2. 3. a thing that motivates or encourages one to do something.
  3. 4. have a desire to possess or do (something); wish for.
  4. 5. the activity of setting up a business or businesses, taking on financial risks in the hope of profit.
  5. 7. work, especially hard physical work.
  6. 9. a balance achieved between two desirable but incompatible features; a compromise.
  7. 10. the part of the earth's surface that is not covered by water, as opposed to the sea or the air.