Across
- 5. The study of individual markets and decision making
- 7. Mental/Physical work or production
- 8. A resource used to produce goods and services
- 9. A sustained rise in the general price level
- 10. A situation with unlimited wants and limited resources
- 12. Total demand for goods and services in an economy
Down
- 1. Physical object that one produces
- 2. The percentage of people without jobs in the labour force
- 3. A situation where there are multiple seller of a similar good
- 4. A measure of output per unit of input
- 6. The loss of potential gain from other alternatives when one alternative is chosen
- 11. Give up one benefit to gain another