Across
- 4. – The principle that as prices rise, producers supply more.
- 7. – The willingness and ability of consumers to buy a product or service.
- 8. – Payments made to workers in exchange for their labor.
- 11. – The ability to maximize output while using minimal resources.
- 14. – Putting money into assets or businesses to generate future profit.
- 17. – The framework a society uses to organize production and distribution.
- 21. – Materials, labor, and capital used to produce goods and services.
- 23. – The amount of goods or services available in the market.
- 25. – The method of distributing resources to different uses.
- 27. – The overall expenses involved in producing a good or service.
- 29. – A person or company that creates and supplies goods or services.
- 30. – The value of what is given up when choosing one option over another.
- 33. – The process of selecting the best option among different choices.
- 35. – The steady rise in prices over a period of time.
- 36. – The financial gain a business makes after subtracting costs.
- 37. – Natural resources, such as water, minerals, and forests, used in production.
- 38. – The efficiency of producing goods and services within a given time.
- 39. – The branch of economics that examines individual consumers and businesses.
Down
- 1. – The state where the quantity supplied and demanded are balanced.
- 2. – The act of developing, managing, and growing a business venture.
- 3. – The principle that as prices drop, consumers buy more.
- 5. – The amount of money required to purchase a good or service.
- 6. – The process of planning income and expenses to manage finances.
- 9. – A person who starts and runs a business, taking financial risks.
- 10. – The fair and just allocation of resources in an economy.
- 11. – The study of how people and societies manage limited resources.
- 12. – The process of delivering goods from producers to consumers.
- 13. – The total earnings a business receives from selling goods or services.
- 15. – Using resources in a way that preserves them for the future.
- 16. – A person who buys goods or services for personal use.
- 18. – The increase in a country’s production of goods and services over time.
- 19. – The point at which supply and demand are perfectly balanced.
- 20. – The basic economic issue of having limited resources to meet unlimited wants.
- 22. – The use of goods and services to satisfy needs and wants.
- 24. – The process of making goods and services for consumption.
- 26. – The work and effort provided by people to produce goods and services.
- 28. – The rivalry between businesses to attract customers and increase sales.
- 31. – The study of the overall economy, including national income and growth.
- 32. – Tools, machinery, and equipment used in the production of goods and services.
- 34. – A system where buyers and sellers exchange goods and services.