vocab

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Across
  1. 1. echange/ giving something up
  2. 4. of production/ owner,land,labor,capital
  3. 9. of ex changean/intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties.
  4. 11. often money or a prize, offered to make someone behave in a particular way
Down
  1. 2. in economics to refer to the fact that budgeting inevitably involves sacrificing some of X to get more of Y
  2. 3. more money then you spent
  3. 5. in the form of money
  4. 6. branch of knowledge concerned with the production, consumption, and transfer of wealth
  5. 7. demand for a good or service is greater than the availability of the good or service
  6. 8. cost/what you give up
  7. 10. market/a system that combines aspects of both capitalism and socialism.