Economics Puzzle

5. the act of using money or resources to purchase goods, services, or assets
6. Graph that represents relationship between product, price and quantity of product that a seller is willing and able to supply
9. that is characterized by customs, beliefs and traditions
12. Potential benefits a person or company could have gained by making a different choice
15. economic system that combines elements of both free market capitalism and command economy
16. the state where nearly all available labor resources are being utilized efficiently, and the unemployment rate is at its lowest sustainable level
17. Resources are limited
18. Having no job
19. Materials and energy that occur naturally and are used in economic activities
20. A state where economic forces are balanced

1. Studies the decisions of individuals and firms to allocate resources for production exchange and consumption
2. An organization, business,industry or even entire economy encompassing the knowledge, skill, training and experience individuals posses.
3. many buyers or sellers that are identical
4. Economic system where central government controls all major economic activities
7. any income not used for immediate consumption and put away
8. the total number of people within a specific country or region who are either employed or actively seeking employment
10. A single firm dominates
11. An individual owns and operates business
13. A comprehensive official count of businesses or individuals providing detailed data on various aspects of the economy or population
14. A table that shows the quantity demanded of a good or service at different price levels