Economics

3. An organisation or enterprise engaged in the production and trade of goods and services, usually for profit.
5. when you choose one thing which causes you to have to give up, or sacrifice, another.
7. an economic concept that relates to a consumer's desire to purchase goods and services and willingness to pay a specific price for them,
8. what you have to give up to buy what you want in terms of other goods or services.
9. merchandise or possessions.
11. air, water and sunlight are all examples of ______________ resources
12. Any man-made material a business needs to run is classed as this resource

1. an act or use for which a consumer, firm, or government is willing to pay
2. every person who has a job is a _______________ resource
4. the state of being scarce or in short supply, a shortage.
6. the study of the economy
10. the total amount of a specific good or service that is available to consumers.