Across
- 6. all of the resources that businesses use to purchase, rent, or hire what they need in order to produce goods or services
- 7. something that is desired but not needed
- 8. an intangible act for which a consumer is willing to pay (teachers, janitors, barbers)
- 10. the total satisfaction or benefit from consuming a good/service
- 13. someone who identifies a need in the marketplace and works to fulfill it
- 14. decision to receive the greatest benefit
- 15. the highest value alternative foregone in the pursuit of an activity
- 16. the state of being limited or finite; results in depletion or extinction
- 19. human resource
Down
- 1. an item offered for sale
- 2. everything you could do with your time, money, etc. you lose by making the decision to do one thing vs. another.
- 3. necessities used to maintain life (air, water, food, shelter)
- 4. the excess over the returns to capital, land, and labor
- 5. someone who buys/uses products
- 9. the study of how society uses limited resources to satisfy their wants/needs
- 11. the measure of production efficiency
- 12. natural
- 17. tools
- 18. a physical item or product that satisfies wants and needs