Across
- 2. process that combines economic resources so that the result is a good or a service that is available for sale
- 7. positive difference between total sales and total cost
- 8. buildings, tools and machines people create and use to produce final goods and services
- 9. study of individual consumers and business
- 11. gains
- 13. using a product or service
- 15. positive rewards for making some kind of choice or behaving in a certain way
- 16. economy that relies on voluntary trade as the primary mean of organization and coordination production
- 18. study of economics as a whole
- 19. allows buyers and sellers to make exchanges
- 20. fines or punishment
- 21. natural resources such as fresh water or soil
- 22. highest valued alternative given up a a result of making a choice
Down
- 1. imagination, innovative thinking, and management skills needed to start and operate a business
- 3. process of getting a a product or service to consumers
- 4. social science that studies how people decide to use scarce resources to satisfy their wants
- 5. exchanging something for something else
- 6. human resources
- 10. what economists call land, labor, and capital resources
- 12. losses
- 14. extra or additional benefits of a decision
- 17. inequality exists between wants and the resources available to satisfy them
