Across
- 1. Actions or work performed by others, like a haircut or medical checkup.
- 3. of Production The four basic resources (land, labor, capital, entrepreneurship) used to create output.
- 5. Physical, tangible items that people buy, such as food or clothing.
- 7. The amount of output produced per unit of resource input.
- 8. Human-made tools, machines, and buildings used to produce other goods.
Down
- 2. The skill of starting a business, innovating, and taking risks to make a profit.
- 4. Cost: The value of the next best alternative given up when making a choice.
- 6. A graph showing the maximum combinations of two goods an economy can produce.