Across
- 4. the process of getting a product or service to consumers.
- 6. a social science that studies how people decide to use scarce resources to satisfy their wants.
- 8. relies on voluntary trade of organizing and coordinating production
- 10. gains
- 13. exchanging something for something else
- 15. study of individual consumers and businesses
- 17. the process that combines economic resources so the result is available for sale.
- 18. negative or withdrawn reward
- 19. positive difference between total sales and total costs
- 20. using a product or service to complete the want-satisfaction chain.
- 21. the extra or additional costs or benefits of a decision
- 22. the resources that are buildings, tools, and machines people create and use to produce final goods and services.
Down
- 1. study of the economy as a whole
- 2. postive rewards of a choice or behavior
- 3. Human resources are the physical and mental efforts people use to create goods or services.
- 5. an inequality exists between wants and the resources available to satisfy them.
- 7. the highest valued
- 9. allows buyers and sellers to make exchanges
- 11. unaltered gifts of nature are natural resources such as soil, fresh water, minerals, and timber.
- 12. losses
- 14. the imagination, innovative thinking, and management skills needed to start and operate a business.
- 16. producing any good or service requires land, labor, and capital.
