Basic Economic Problem

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Across
  1. 3. Examples of this are factories and machines.
  2. 6. An example of this is a founder of a company.
  3. 8. 'blank', supply and price.
  4. 9. It uses up scarce resources.
  5. 12. The first step of how resources are allocated, 'blank' decide what they want.
  6. 13. The sector that services fall into.
  7. 16. The second step of how resources are allocate, 'blank' use resources in order to supply it.
  8. 17. When something is in limited supply.
Down
  1. 1. When you have to sacrifice getting one thing in order to get another.
  2. 2. A physical good, e.g. a phone
  3. 4. The manufacturing of raw materials into goods.
  4. 5. The extraction of raw materials from farms, etc.
  5. 6. An example of the services that the government allocate the resources for.
  6. 7. An example of this is people working on an assembly line.
  7. 10. Some of these are scarce.
  8. 11. A service, e.g. hairdressing
  9. 14. They are infinite, something we don't need.
  10. 15. An example of this is a cotton farm.
  11. 18. Something that is necessary to stay alive, e.g. food and water.