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 a negative or withdrawn reward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