BMA

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Across
  1. 2. the value of the next-best alternative when a decision is made; it's what is given up
  2. 4. describes the total amount of a specific good or service that is available to consumers
  3. 5. when people make goods and services, goods and services, goods and services
  4. 7. he current price at which an asset or service can be bought or sold.
  5. 12. process of making business decisions involving money
  6. 13. an economic system in which activity is controlled by a central authority and the means of production are publicly owned.
  7. 15. societies or governments organize and distribute available resources, services, and goods across a geographic region or country.
  8. 16. short in supply
  9. 18. are essential to living
  10. 19. system that combines aspects of both capitalism and socialism
Down
  1. 1. the one who pays to consume the goods and services produced by a seller
  2. 3. economy where customs, traditions and believes prescribe the principles of economic organization for production of goods and services
  3. 4. a transaction in which no physical goods are transferred from seller to the buyer
  4. 6. add to the quality of living
  5. 8. economic system in which private actors own and control property in accord with their interests
  6. 9. consumers' desire to purchase goods and services at given prices.
  7. 10. everything that business makes use of in order to produce goods and services for its customer
  8. 11. items that satsify human wants and provide utility
  9. 14. economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses.
  10. 17. the fact that budgeting inevitably involves sacrificing some of X to get more of Y