What is economics? (Chapter 1)
Across
- 4. the value of the next best alternative
- 6. Limited resources available to meet unlimited wants
- 7. Things required for survival, such as food and shelter
- 9. does a task that you get paid for
- 10. the process of creating goods and services
- 11. person who organized the factors of production
- 12. the way things are distributed among people
Down
- 1. things people desire but not necessary for survival
- 2. man made used to produce goods and services
- 3. the act of giving up one thing to gain another
- 5. good made for direct use by consumers
- 8. the study of how people use scarce resources