What Is Economics

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Across
  1. 3. land, labor, and capital resources
  2. 10. thinking, and management skills
  3. 11. human resources
  4. 12. study of consumers/businesses
  5. 15. process that combines resources
  6. 17. how people manage their resources
  7. 20. punishment for a choice
  8. 21. allows buyers and sellers to exchange
  9. 22. losses
Down
  1. 1. the study of the economy as a whole
  2. 2. using a product or service
  3. 4. economy that relies on voluntary trade
  4. 5. the process of getting a product to users
  5. 6. extra costs or benefits of a choice
  6. 7. wants > available resources
  7. 8. gains
  8. 9. positive difference between sales/costs
  9. 13. positive rewards for making a choice
  10. 14. buildings, tools, and machines people use
  11. 16. highest valued alternative
  12. 18. exchanging something for something else
  13. 19. natural resources