Across
- 4. is when you have actual money to pay for an item
- 6. are people who decide how to combine resources to create new goods and services and are willing to take the risk.
- 7. the study of how people fulfill their unlimited needs and wants with Limited resources
- 8. This is the building tools of production- machinery, tools, buildings
- 11. is when a company sells an item for less than the cost of producing the item
- 14. All of the options you give up to do something else
- 15. the principle that limited goods and services are available to meet unlimited wants and needs
- 17. When items cannot be obtained for a limited time.
- 18. are what we must have in order to survive
Down
- 1. The next highest valued alternative to what you chose to do.
- 2. Who works where?
- 3. are the resources used to produce goods and services.
- 4. is when you purchase an item with the intent of paying for it later-an easy way to go into debt
- 5. is when a person spends more money than they make and have to OWE people/companies money
- 9. is when a company sells an item for a cost greater than the cost of producing that item
- 10. On, below, and above the land
- 12. trade goods for goods
- 13. trade valued based objects or goods
- 16. are the nice to have things